Bernie Madoff’s eldest son found dead after apparent suicide
The eldest son of convicted Ponzi scheme architect Bernie Madoff is reported to have taken his own life today, after he was found hanged in his SoHo apartment in New York.
“Mark Madoff took his own life today,” began the statement from his lawyer Martin Flumenbaum today. “This is a terrible and unnecessary tragedy. Mark was an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo.”
The tragedy occurs two years to the day after his father was arrested for fraud, and subsequently jailed for 150 years for defrauding investors out of billions.
Mark Madoff and other family members had worked at Bernard L. Madoff Investment Securities LLC, but have always maintained their ignorance of any fraud that had taken place, and have never been charged with any wrongdoing. His father too insisted that he had acted alone and only confessed to his family a day before he was arrested.