Bernard Madoff’s Eldest Son Found Dead
The involvement of former stock broker Bernard Madoff in what is known as the largest Ponzi scheme in history proved too much to bear for his eldest son.
Mark Madoff, the 46-year-old eldest son of Bernard Madoff, was found dead in his SoHo loft on Saturday in an apparent suicide. Reports said Mark Madoff hanged himself with a dog leash, just a few steps away from his sleeping two-year-old son. No suicide note was found at the scene, police said. The young Madoff, who had struggled to rebuild his life following the conviction of his father for defrauding investors of billions of dollars, reportedly could not bear the pressure and the stigma that has been attached to the family since the massive Ponzi scheme was discovered. “Mark was an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo,” Mark Madoff’s lawyer, Martin Flumenbaum, said in a statement.
The whole Madoff family is under investigation over the crimes committed by the patriarch, whose scheme caused an estimated $18 billion in losses to investors. Bernard Madoff is currently serving a 150-year prison term.