POLITICS

Bernie Madoff Asks To Be Released From Prison Due To Failing Health

In a court filing, Madoff said he is dying of kidney failure and seeking early “compassionate release” from his 150-year prison sentence.

NEW YORK, Feb 5 (Reuters) - Bernard Madoff is dying of kidney failure and seeking early “compassionate release” from his 150-year prison sentence for masterminding what prosecutors have called the largest Ponzi scheme ever, according to a court filing on Wednesday.

Madoff, 81, suffers from terminal kidney failure and has less than 18 months to live, according to the filing from his lawyer.

He is seeking release under the First Step Act, a bipartisan law signed in December 2018 that lets some older prisoners obtain freedom, often for health reasons.

Bernard Madoff pleaded guilty in 2009 to orchestrating the largest Ponzi scheme in history. He's now seeking early release fr
Bernard Madoff pleaded guilty in 2009 to orchestrating the largest Ponzi scheme in history. He's now seeking early release from prison.

A spokesman for U.S. Attorney Geoffrey Berman in Manhattan, whose office prosecuted Madoff, declined to comment.

Madoff pleaded guilty in March 2009 to 11 criminal counts for running what prosecutors called a $64.8 billion fraud.

U.S. District Judge Denny Chin called Madoff’s crimes “extraordinarily evil” when he imposed the 150-year sentence in June 2009.

Bernard Ebbers, the former WorldCom Inc chief executive, was granted early release in December from his 25-year prison sentence for orchestrating an accounting scandal at his phone company. He died on Sunday at age 78.

HuffPost

BEFORE YOU GO

PHOTO GALLERY
One Of A Kind Shopping: Bernie Madoff's Personal Property Up For Auction (PHOTOS)
CONVERSATIONS