Bernard Madoff is serving 150 years in prison for fraud. He defrauded investors of billions of dollars, but hasn’t been diagnosed with cancer and isn’t terminally ill as a newspaper reported, the U.S. Federal Bureau of Prisons said.

The New York Post reported yesterday that Madoff was dying of cancer and that there were rumours he had pancreatic cancer.

“While the N.Y. Post story is full of inaccuracies, and we can’t specifically address all of them, we can tell you that Bernie Madoff is not terminally ill and has not been diagnosed with cancer,” a statement said.

Madoff, 71, is in a medium-security federal prison in Butner, N.C. He pleaded guilty in March to 11 counts of fraud, scam, and money laundering – worth $65 billion over 20 years.

He was sentenced to 150 years, which has fuelled speculation that any talk of terminal illness would be a ploy for leniency.

Prison Denies Madoff’s Cancer posted by Sandy Hutchens