UNIDENTIFIED REPORTER: A fixture on Wall Street, Bernie Madoff, 70 years old, arrested by the FBI. JIM ZARROLI, BYLINE: It was December 2008, the height of the financial crisis, when the unbelievable news came out. NPR's Jim Zarroli looks back at Madoff's life. Madoff was a legendary figure on Wall Street who robbed thousands of investors of their savings. Bernie Madoff, who carried out one of the most notorious Ponzi schemes in history, died on Wednesday while serving a prison sentence in North Carolina.