Mark Madoff, the eldest son of Bernie Madoff, was found dead in his New York City apartment Satruday (December 11). “Mark Madoff took his own life today,” Martin Flumenbaum, Mark Madoff’s lawyer, said in a statement on Saturday. “This is a terrible and unnecessary tragedy.”
Today marks the two year anniversary of Mark’s father, Bernie’s arrest for running a gigantic Ponzi scheme that cost investors around the world millions. Madoff’s body was discovered hanging in his bedroom by his father-in-law. Mark’s two year old son was in an adjoining bedroom according to Deputy Commissioner Paul J. Brown. Since Bernard Madoff’s arrest, all the members of his immediate family have been the targets of civil lawsuits filed initially by victims of the Ponzi scheme and later by the bankruptcy court trustee pursuing assets for those victims.
According to the Associated Press, his body was found hanging from a dog leash that had been fashioned into a noose and strung over a pipe in the ceiling of his living room.
Rumors have circulated that both Mark and younger brother Jeff were highly involved in the scheme but has cost them well over $200 Million in the end. According to the family’s attorneys, Bernie’s sons were the ones who turned him in to the authorities.
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