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Madoff Scandal: The Final Minions Meet Their Fate. After more than six years and 15 convictions, the Bernie Madoff Ponzi scheme, which cost his investors an estimated $50 billion, is finally coming to close. Continue Reading Below.
In an interview last year, he blamed the stress of living with his father's arrest for the relapse. 1  Passed: Andrew Madoff, pictured left on the Today show in 2011 and right in February last year, has died of lymphoma. The 48-year-old trader was the last remaining son of fraudster, Bernie Madoff.