The financial bigshot was sentenced to 150 years in jail in June (09) after he pleaded guilty to siphoning billions of dollars from his wealthy clients, including Kevin Bacon and Kyra Sedgwick, John Malkovich and Zsa Zsa Gabor.
Madoff, 71, who is now serving his sentence at a jail in Butner, North Carolina, took full responsibility for masterminding the Ponzi scheme con, amid swirling rumours of ill health.
And now prison sources tell the New York Post that the fraudster is being treated for pancreatic cancer.
The insider tells the publication, "He’s been taking about 20 pills a day for his cancer. He talks about it all the time. He’s not doing very well.”.