text:  Madoff was arrested in 2008 and died in 2021 in a federal prison in Butner, North Carolina. He was 82. The story isn't over. There's still more than 100 legal battles surrounding Madoff's scam. Richard Behar is a contributing editor at Forbes magazine and has worked for Time and Fortune. He's won Polk Awards, Overseas Press Club Awards, and a National Magazine Award.