Bernie Madoff, mastermind of world's largest Ponzi scheme, dies at 82 in jail

Bernie Madoff, the mastermind of the world's largest Ponzi scheme, died in a US federal prison aged 82 on Wednesday, the Associated Press reported. Madoff died at the Federal Medical Center from natural causes, it added. Madoff was serving a 150-year prison sentence for cheating thousands of clients of as much as $65 billion.