Bernard Madoff isn't dying of cancer in Butner, according to federal prison officials who dismissed a published report about his being terminally ill.

The New York Post reported today that Madoff, who is serving 150 years at a federal prison in Butner after pleading guilty to defrauding investors of more than $65 billion, does not have much longer to live.

But a statement from the Federal Bureau of Prisons says the rumors of Madoff, 71, having pancreatic cancer aren't true, Bloomberg News reports.