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Ponzi schemer Bernie Madoff dies in prison

Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died early Wednesday in a federal prison, a person familiar with the matter told The Associated Press.

Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity.

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