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Bernie Madoff, the investment advisor who conned his clients out of billions of dollars, has died in prison at age 82.

The disgraced financier died on Wednesday, April 14, at the Federal Medical Center in Butner, North Carolina, where he was serving 150 years in prison.

His death was announced by the Bureau of Prisons on Wednesday morning. The spokesperson said he died of natural causes and his death was not COVID-19 related.

Madoff was accused of running one of the largest Ponzi schemes in history. The financial fraud netted Madoff $64.8 billion from 4,800 wealthy clients.

Madoff’s massive Ponzi scheme collapsed like a house of cards on December 11, 2008 upon his arrest in New York City.

His sons Mark and Andrew told authorities their father had confessed to them that his investment firm was a Ponzi scheme. Madoff told his sons the billions he had “invested” for his clients was gone.

AFP/GettyImages

In 2009, Madoff’s brother Peter Madoff (center) pleaded guilty in federal court to a variety of charges. He was sentenced to 10 years in prison.

JP Morgan Chase & Co. bank agreed to pay $1.7 billion to settle prosecutor’s claims that it facilitated Bernard Madoff’s Ponzi scheme.

Yvonne Hemsey/Getty Images

Prosecutors reached an agreement with Bernie’s wife, Ruth Madoff, to keep $2.5 million and a small home.

Mario Tama/Getty Images

In return, she agreed to give up all of her possessions, including her $7 million Upper East Side penthouse; an $11 million mansion in Palm Beach, Fla.; art and jewelry worth millions; $8.8 million worth of yachts; and property in Antibes and France worth $19 million.

Madoff’s son Mark hanged himself on December 11, 2010. The date was the second anniversary of his father’s arrest. Madoff’s son Andrew died of lymphoma on September 3, 2014.

AFP via Getty Images

Madoff’s personal assets, including his clothing, Rolex watches, golf clubs, and hundreds of pairs of shoes, were auctioned by U.S. Marshals. A court-appointed trustee recovered more than $13 billion of an estimated $17.5 billion for his millionaire and billionaire investors.

Joe Raedle/Getty Images

At the time of Madoff’s arrest, fake account statements told clients they had holdings worth $60 billion.

Source: WENN.com

Entertainment

SWV will use Michael Jackson Sample During Verzuz Despite ‘Potential Backlash’

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Paras Griffin/Getty Images

Sisters With Voices, aka SWV say they plan to use their famous Michael Jackson sample during an upcoming Verzuz lipsync battle with Xscape.

Tamara “Taj” Johnson (left) and Leanne “Lelee” Lyons (center) joined “TMZ Live” on Thursday and were asked if SWV will play their hit, “Right Here (Human Nature Remix),” when the R&B group battles Xscape on Saturday.

Fortunata / Splash News

TMZ suggested there would be “potential backlash” from the “cancel culture” if SWV played the song during the Verzuz.

Taj and Lelee see no issue with playing the sample. They say they didn’t even pay Michael for the sample of his 1983 hit, “Human Nature,” and they wouldn’t be successful if not for Michael.

Bennett Raglin/Getty Images

The ladies say it’s not their job to judge Michael by canceling his music.

SWV fans agree. One Twitter user wrote:

“The people with this alleged “potential backlash” won’t even be tuned into the Verzuz so this will be a non issue.”

Another user tweeted: “If they DIDN’T use the MJ sample there would be an even bigger blacklash!!!!”

And a third wrote: “People still trying to create anti MJ controversy in 2021?”
 

Posted in Music

Tags: lip sync battle, Michael Jackson, music news, sample clearance, SWV, Verzuz battle

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Floyd Mayweather Jr and Jake Paul Brawl at press conference

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Worldstarhiphop

Floyd Mayweather Jr and YouTube star Jake Paul got into a heated exchange at the press conference for Floyd’s upcoming boxing match with Logan Paul.

The 44-year-old champion boxer is annoyed since boxing fans say his fight with 26-year-old Logan is fake.

If you recall, Logan’s brother, Jake, 24, knocked out former NBA player Nate Robinson last year.

In a video posted on Thursday, Floyd suggested a boxing match between himself and Jake.

Jake tells him, “Don’t be calling [event promoter] Al Haymon. Let’s make it happen.”

“I’m my own boss,” FLoyd replies angrily.

Then Jake snatched Floyd’s cap off his head and shouted “Got your cap!” before fleeing with Floyd in hot pursuit.

Chaos ensued as Floyd’s security chased after them and separated the two combatants.

Question: Do you think the upcoming fight between Floyd and Logan Paul is fake?

Be warned: the video contains excessive profanity — mostly by Floyd who never got his cap back.
 

Posted in Celebrity

Tags: boxing news, caught on video, Floyd Mayweather Jr., Jake Paul, Logan Paul, staged PR stunt

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Law Roach Named “Top Stylist of the Year” by The Hollywood Reporter

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Law Roach was named “Top Stylist of the Year” by The Hollywood Reporter magazine.

The 42-year-old designer graces the cover of The Hollywood Reporter issue that spotlights the 12 tastemakers who made the most impact during the pandemic.

Law shares the cover with his longtime client, model and singer Zendaya (left) and model Anya Taylor-Joy (right).

He wears Louis Vuitton and Harry Winston accessorized with boots by Christian Louboutin. Model and singer Zendaya is wearing Valentino and Bulgari with Christian Louboutin pumps. And Anya wears a Dior frock and Louboutins.

Law is best known for creating stylish looks for everyone from Zendaya and Lady Gaga to Viola Davis and Ciara Wilson.

Business boomed for the gender-bending stylist despite the lockdowns.

“I run a global, multimillion-dollar business. I did really well, even in COVID,” he said. “So that part of it is great, you know. As a person, I just want to do the things that I’m doing now and figure out more ways to help other people.”

Law shared images from the THR cover shoot on Instagram. He captioned the gallery:

“Thank You @hollywoodreporter for naming me STYLIST OF THE YEAR….. thank you to my @zendaya and @anyataylorjoy for making this cover so special. And thank you to all my clients for trusting me with something so important as your image!!!! I’m truly grateful.”

Posted in Fashion

Tags: celebrity fashion, Law Roach, Louis Vuitton, magazine covers, model, Zendaya



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