Saturday, December 11, 2010

Son pays, in part, for his father's crimes

I can only imagine the depths of his depression and angst over what happened and how he was betrayed, as were many others, by his father's actions.

Rest in Peace Mark Madoff and condolences to your wife and children.

Bernie Madoff's son, Mark, found dead

Bernard Madoff’s son Mark was found dead in his SoHo apartment this morning, police sources said.

Officers were called to 158 Mercer Street around 7:30 a.m. to respond to a report that Mark Madoff was hanging in his apartment.

The younger Madoff, 46, was found by his father-in-law. With him in the apartment was his 2-year-old child, said sources.

Police sources said Madoff was hanging from a dog collar attached to a pipe in the apartment ceiling.

Mark and his brother Andrew Madoff's attorney, Martin Flumenbaum of Paul, Weiss, Rifkind, Wharton & Garrison, released the following statement this morning:

“Mark Madoff took his own life 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. We are all deeply saddened by this shocking turn of events.“

Mark Madoff had recently traded e-mails with his wife, Stephanie, who is now in Florida with the couple’s 4-year-old child, sources told The Post.

Stephanie Madoff, worried, sent her father-in-law to the family’s apartment, where he made the gruesome discovery, said police sources.

The content of the e-mails is unknown, and no note was found with his body, said police sources.

Today is the two-year anniversary of Bernard Madoff’s arrest. He’s now serving a 150-year prison sentence over his $65 billion Ponzi scheme.

Mark Madoff was "unalterably bitter" over his father’s decades-long deception, a spokesman told the Wall Street Journal recently.

Mark Madoff and Andrew were sued this week by Irving Picard, the court-appointed trustee recovering assets for the Bernard Madoff’s victims.

The two brothers were brokers in their father’s firm, and have said repeatedly they didn’t know of their father’s crimes.