The_AT0 fraudulent_AJ0 investor_NN1 's_POS clients_NN2 included_VVD the_AT0 likes_NN2 of_PRF Steven_NP0 Spielberg_NP0 and_CJC Kevin_NP0 Bacon_NP0 ._SENT Robert_NP0 De_NP0 Niro_NP0 and_CJC Richard_NP0 Dreyfuss_NP0 played_VVD him_PNP in_PRP fictionalized_AJ0 TV_NN1 adaptations_NN2 of_PRF the_AT0 scandal_NN1 ._SENT 
Bernie_NP0 Madoff_NP0 ,_PUN the_AT0 architect_NN1 of_PRF the_AT0 largest_AJS Ponzi_NP0 scheme_NN1 in_PRP history_NN1 and_CJC who_PNQ became_VVD synonymous_AJ0 with_PRP Wall_NP0 Street_NP0 's_POS crimes_NN2 in_PRP the_AT0 2008_CRD financial_AJ0 crisis_NN1 ,_PUN died_VVN on_PRP Wednesday_NP0 at_PRP the_AT0 Federal_AJ0 Medical_AJ0 Center_NN1 in_PRP Butner_NP0 ,_PUN N.C._NP0 ,_PUN the_AT0 Associated_AJ0 Press_NN1 and_CJC the_AT0 New_AJ0 York_NP0 Times_NN2 reported_VVD ._SENT Madoff_NP0 was_VBD 82._CRD 
Born_VVN in_PRP 1938_CRD in_PRP Queens_NP0 to_PRP working-class_AJ0 immigrant_AJ0 parents_NN2 ,_PUN Madoff_NP0 did_VDD n't_XX0 take_VVI long_AV0 before_CJS embarking_VVG on_PRP his_DPS career_NN1 in_PRP finance_NN1 ._SENT Shortly_AV0 after_CJS graduating_VVG from_PRP Hofstra_NP0 University_NN1 in_PRP 1960_CRD ,_PUN he_PNP registered_VVD his_DPS Wall_NN1 Street_NP0 firm_NN1 Bernard_NP0 L_NP0 ._SENT Madoff_NP0 Investment_NN1 Securities_NN2 using_VVG money_NN1 he_PNP had_VHD saved_VVN up_AVP from_PRP summer_NN1 jobs_NN2 as_PRP a_AT0 lifeguard_NN1 and_CJC sprinkler_NN1 installer_NN1 ._SENT This_DT0 rags-to-riches_AJ0 story_NN1 would_VM0 become_VVI an_AT0 integral_AJ0 part_NN1 of_PRF Madoff_NP0 's_POS myth-making_NN1 over_PRP the_AT0 years_NN2 ._SENT 
Madoff_NP0 presented_VVD himself_PNX as_PRP a_AT0 financial_AJ0 wizard_NN1 who_PNQ could_VM0 guarantee_VVI his_DPS clients_NN2 '_POS consistent_AJ0 returns_NN2 on_PRP their_DPS investments_NN2 no_AV0 matter_VVB the_AT0 fluctuations_NN2 of_PRF the_AT0 stock_NN1 market_NN1 ._SENT His_DPS firm_NN1 was_VBD also_AV0 at_PRP the_AT0 cutting-edge_AJ0 of_PRF new_AJ0 computer_NN1 technology_NN1 on_PRP Wall_NP0 Street_NP0 ,_PUN and_CJC he_PNP served_VVD for_PRP a_AT0 time_NN1 as_PRP chairman_NN1 of_PRF the_AT0 Nasdaq_NP0 electronic_AJ0 stock_NN1 market_NN1 ._SENT However_AV0 ,_PUN as_CJS Madoff_NP0 finally_AV0 admitted_VVD to_PRP his_DPS sons_NN2 Mark_NP0 and_CJC Andrew_NP0 in_PRP December_NP0 2008_CRD ,_PUN the_AT0 wealth_NN1 management_NN1 arm_NN1 of_PRF his_DPS business_NN1 was_VBD just_AV0 "_PUQ one_CRD big_AJ0 lie_NN1 ._SENT "_PUQ 
A_AT0 Ponzi_NP0 scheme_NN1 is_VBZ when_CJS a_AT0 financial_AJ0 fraudster_NN1 tricks_NN2 investors_NN2 into_PRP thinking_VVG they_PNP 're_VBB getting_VVG a_AT0 legitimate_AJ0 return_NN1 on_PRP their_DPS funds_NN2 by_PRP paying_VVG them_PNP with_PRP money_NN1 from_PRP new_AJ0 investors_NN2 ._SENT Though_CJS the_AT0 namesake_NN1 is_VBZ still_AV0 '_POS 20s_CRD con_NN1 artist_NN1 Charles_NP0 Ponzi_NP0 ,_PUN Madoff_NP0 's_POS version_NN1 of_PRF the_AT0 scheme_NN1 is_VBZ the_AT0 largest_AJS in_PRP history_NN1 ,_PUN with_PRP paper_NN1 losses_NN2 totaling_VVG more_AV0 than_CJS $_NN0 60_CRD billion_CRD ._SENT After_PRP Madoff_NP0 's_POS 2008_CRD arrest_NN1 ,_PUN court-appointed_AJ0 trustee_NN1 Irving_NP0 Picard_NP0 was_VBD able_AJ0 to_TO0 recover_VVI more_AV0 than_CJS $_NN0 13_CRD billion_CRD from_PRP Madoff_NP0 and_CJC his_DPS family_NN1 ,_PUN but_CJC there_EX0 was_VBD no_AV0 making_VVG up_AVP the_AT0 fictional_AJ0 paper_NN1 profits_NN2 ._SENT Some_DT0 of_PRF Madoff_NP0 's_POS clients_NN2 had_VHD believed_VVN they_PNP had_VHD as_PRP much_AV0 $_NN0 60_CRD billion_CRD in_PRP holdings_NN2 with_PRP him_PNP ._SENT 
The_AT0 fallout_NN1 from_PRP the_AT0 scheme_NN1 was_VBD more_AV0 than_CJS just_AV0 financial_AJ0 ;_PUN there_EX0 was_VBD also_AV0 a_AT0 stark_AJ0 human_AJ0 cost_NN1 ._SENT Multiple_AJ0 defrauded_AJ0 investors_NN2 died_VVN by_PRP suicide_NN1 after_PRP their_DPS comfortable_AJ0 wealth_NN1 was_VBD revealed_VVN to_TO0 be_VBI an_AT0 illusion_NN1 ._SENT Mark_NP0 Madoff_NP0 himself_PNX died_VVD by_PRP suicide_NN1 on_PRP Dec._NP0 11_CRD ,_PUN 2010_CRD ,_PUN two_CRD years_NN2 after_PRP his_DPS father_NN1 's_POS arrest_NN1 (_PUL Madoff_NP0 's_POS sons_NN2 had_VHD reported_VVN him_PNP to_PRP authorities_NN2 after_CJS he_PNP confessed_VVD the_AT0 nature_NN1 of_PRF the_AT0 "_PUQ one_CRD big_AJ0 lie_NN1 "_PUQ to_PRP them_PNP )_PUR ._SENT Andrew_NP0 Madoff_NP0 died_VVD of_PRF cancer_NN1 on_PRP Sept._NP0 3_CRD ,_PUN 2014_CRD ;_PUN he_PNP had_VHD blamed_VVN the_AT0 stress_NN1 of_PRF the_AT0 scandal_NN1 on_PRP his_DPS cancer_NN1 returning_VVG after_PRP he_PNP first_ORD fought_VVD it_PNP off_AVP in_PRP 2003._CRD According_VVG to_PRP Ruth_NP0 Madoff_NP0 ,_PUN she_PNP and_CJC her_DPS husband_NN1 had_VHD both_AV0 attempted_VVN suicide_NN1 on_PRP Christmas_NN1 Eve_NP0 2008_CRD ,_PUN but_CJC were_VBD unsuccessful_AJ0 ._SENT 
Madoff_NP0 's_POS clients_NN2 included_VVD charities_NN2 ,_PUN universities_NN2 ,_PUN and_CJC Hollywood_NP0 luminaries_NN2 like_PRP Steven_NP0 Spielberg_NP0 and_CJC Kevin_NP0 Bacon_NP0 ._SENT Hollywood_NP0 was_VBD also_AV0 particularly_AV0 interested_AJ0 in_PRP his_DPS downfall_NN1 ._SENT The_AT0 2016_CRD ABC_NP0 miniseries_NN2 Madoff_NP0 starred_VVD Richard_NP0 Dreyfuss_NP0 and_CJC Blythe_NP0 Danner_NP0 as_PRP Bernie_NP0 and_CJC Ruth_NP0 Madoff_NP0 ,_PUN while_CJS Robert_NP0 De_NP0 Niro_NP0 and_CJC Michelle_NP0 Pfeiffer_NP0 played_VVD the_AT0 couple_NN1 in_PRP the_AT0 2017_CRD HBO_NP0 movie_NN1 The_AT0 Wizard_NN1 of_PRF Lies_NN2 ._SENT 
After_PRP pleading_VVG guilty_AJ0 in_PRP 2009_CRD ,_PUN Madoff_NP0 was_VBD sentenced_VVN to_PRP 150_CRD years_NN2 in_PRP prison_NN1 ,_PUN the_AT0 maximum_AJ0 possible_AJ0 sentence_NN1 ._SENT In_PRP February_NP0 2020_CRD ,_PUN after_PRP learning_NN1 he_PNP had_VHD terminal_AJ0 kidney_NN1 disease_NN1 ,_PUN Madoff_NP0 applied_VVD for_PRP compassionate_AJ0 release_NN1 from_PRP prison_NN1 so_CJS he_PNP could_VM0 die_VVI outside_PRP its_DPS walls_NN2 ,_PUN but_CJC his_DPS application_NN1 was_VBD denied_VVN ._SENT 
