In 2009, Madoff pled guilty to 11 crimes involving stealing billions of dollars from thousands of investors from the 1970s until late 2008. Madoff was trusted by investors, including director Steven Spielberg, actor Kevin Bacon, and Hall of Fame pitcher Sandy Koufax, as he was a former chairman of the Nasdaq stock market A court-appointed trustee has recovered more than $13 billion of an estimated $17.5 billion that investors put into Madoff’s business.

Last year, his lawyers attempted to get him released from prison, stating that Madoff had suffered from end-stage renal disease and other chronic medical conditions. His request was ultimately denied.

Source: Bloomberg