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Bernie Madoff Denied Compassionate Release From Prison

  • The $19 billion Ponzi schemer told judge he was terminally ill
  • Hundreds of his victims wrote the court opposing his release
Bernard Madoff leaves federal court in New York on 2009.
Bernard Madoff leaves federal court in New York on 2009.Photographer: JIN LEE
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Bernard Madoff, who defrauded investors of more than $19 billion in history’s biggest Ponzi scheme, won’t be released early from his 150-year prison sentence.

U.S. Circuit Judge Denny Chin in Manhattan on Thursday rejected Madoff’s request for compassionate release on the grounds that he is terminally ill and likely to die in the next 18 months. After Madoff, 82, submitted his plea for his freedom in February, 520 of his victims wrote to the court, with 96% of them arguing against his early release.