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Madoff’s Eldest Son Found Dead in Suicide
New York Times ^ | 12/11/2010

Posted on 12/11/2010 7:36:07 AM PST by Ladycalif

Mark Madoff, the older of Bernard L. Madoff’s two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested for running a gigantic Ponzi scheme that shattered thousands of lives around the world.

(Excerpt) Read more at nytimes.com ...


TOPICS: Crime/Corruption; News/Current Events; US: New York
KEYWORDS: bernardmadoff; crime; madoff; suicide
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1 posted on 12/11/2010 7:36:10 AM PST by Ladycalif
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To: Ladycalif

They are all Democrats BTW.
It needed to be said.


2 posted on 12/11/2010 7:38:59 AM PST by Kansas58
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To: Ladycalif

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.

Read more: http://www.nypost.com/p/news/local/manhattan/bernie_madoff_son_andrew_found_dead_41QZ5xHZ2Ifq2IBmRtZgLK#ixzz17oilEBEU


3 posted on 12/11/2010 7:40:00 AM PST by jimbo123
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To: Kansas58

A powerful enticement to live righteously is the awareness that we are not alone. Our deeds will affect our children.


4 posted on 12/11/2010 7:40:10 AM PST by RJR_fan (The press corpse is going through the final stages of Hopium withdrawal. That leg tingle is urine.)
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To: Ladycalif
Mark and his brother immediately consulted a lawyer and were advised they had to report their father’s confession to law enforcement. They did so, and the following morning their father was arrested at his Manhattan penthouse

I didn't know this part. Sounds like the kid did the right thing.

5 posted on 12/11/2010 7:42:03 AM PST by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: Ladycalif

It seems that the son is the one that alerted the authorities about the illegals deeds of the father.


6 posted on 12/11/2010 7:42:03 AM PST by icwhatudo ("laws requiring compulsory abortion could be ustained under the constitution"-Obama official)
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To: icwhatudo

The sons were in on it. The father told his kids to turn him in and he’ll take the full wrap. It was orchestrated. Look at the timeline of the actions the sons and their wives took prior to their contacting of the police.


7 posted on 12/11/2010 7:44:52 AM PST by jimbo123
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To: Kansas58
Yes it does and thank you for saying it.

If they were Republican, like say Jack Abranoff, every other word preceding the name would have been “Republican”.

8 posted on 12/11/2010 7:45:54 AM PST by GOPsterinMA
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To: Kansas58
Yes it does and thank you for saying it.

If they were Republican, like say Jack Abranoff, every other word preceding the name would have been “Republican”.

9 posted on 12/11/2010 7:45:54 AM PST by GOPsterinMA
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To: icwhatudo

There are just so many ripples of pain.

The ones with any character understand what has happened and feel remorse. There was a European nobleman who killed himself early on.


10 posted on 12/11/2010 7:46:32 AM PST by Ladycalif ("If you don't have a sword, sell your cloak and buy one." Jesus)
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To: Ladycalif

Condolences to the family and friends of Mark Madoff.


11 posted on 12/11/2010 7:47:13 AM PST by PGalt
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To: jimbo123

Check out last year’s season of “Damages” (was on FX) - this whole scenario was played out almost scene for scene.

The writers must have had insight into this, because this is a case of life imitating art.


12 posted on 12/11/2010 7:49:12 AM PST by GOPsterinMA
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To: Ladycalif

More:

The 2 year old kid was asleep in another room. And the mother was out of town.

Bernie Madoff’s son Mark hangs himself with dog leash in SoHo apartment, sources say

http://www.nydailynews.com/news/ny_crime/2010/12/11/2010-12-11_bernie_madoffs_son_mark_hangs_himself_in_soho_apartment_sources_say.html


13 posted on 12/11/2010 7:49:17 AM PST by jimbo123
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To: jimbo123

The WSJ had an article just this morning on the Madoff family; Mark was the brother described as “most deeply affected” who had not talked to either parent for two years.


14 posted on 12/11/2010 7:49:20 AM PST by laconic
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To: jimbo123

a rotten way to die.


15 posted on 12/11/2010 7:49:20 AM PST by Chickensoup (I am no longer Republican or Democrat, I am Conservative.)
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To: icwhatudo

The sins of the father visited on his children and grandchildren.

Frankly, I find nothing to gloat about. There have been other suicides related to the elder Madoff’s unconscionable avarice.


16 posted on 12/11/2010 7:49:59 AM PST by Carley (ISRAEL.......NOT SO ALONE!!!)
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To: Carley

I agree. This is the 2 year anniversary of his Father’s arrest.


17 posted on 12/11/2010 7:51:20 AM PST by Ladycalif ("If you don't have a sword, sell your cloak and buy one." Jesus)
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To: laconic

The Feds were closing in on him. He took the coward’s way out. At least he didn’t kill his 2 year old kid before killing himself.


18 posted on 12/11/2010 7:51:20 AM PST by jimbo123
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To: Ladycalif

There’s a recent suspense novel...Money To Burn, author was Grippando I think? In it the Madoff debacle is referenced and one of the big players had a son who apparently committed suicide, and later on it was found to be murder.
I’d look twice at this news and wonder if life imitated art. Insofar as either is what it is...


19 posted on 12/11/2010 7:54:08 AM PST by 668 - Neighbor of the Beast (Grammar police off-duty. But I saw what you did.)
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To: laconic
"Mark remains unalterably bitter about his father's deception and the injury his father has caused," said a spokeswoman for the two men. "Andy was also deeply impacted by his father's deception."

Neither has talked with his father or mother in two years, mostly out of personal choice and also because of legal sensitivities, a person familiar with the matter said.


20 posted on 12/11/2010 7:55:11 AM PST by jimbo123
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To: Ladycalif

The good news, he died just in time for his heirs to beat an increase in the estate tax...


21 posted on 12/11/2010 7:55:30 AM PST by jiggyboy (ten percent of poll respondents are either lying or insane)
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To: jimbo123

I hope he made provision for people to find the two-year old before he did it. I remember an 80+ friend of my father’s years ago who lived in a marginal neighborhood and had little left in life but his love of his car. His car was then stolen by lowlife young trash who needlessly beat him badly in the process. He went home, wrote a long note of thanks to his family, left a phone message for a nephew to stop by but only the next day and shot himself in the interior of the house with the doors locked, so that no one would be inconvenienced or hurt. He didn’t kill himself; the rotted scum that beat him up did.


22 posted on 12/11/2010 7:57:35 AM PST by laconic
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To: jimbo123

I heard that on the news. I cannot imagine why he would do it with the child in the apartment.


23 posted on 12/11/2010 7:58:37 AM PST by brytlea (Jesus loves me, this I know.)
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To: jimbo123; Liz; SE Mom; BunnySlippers

http://online.wsj.com/article/SB10001424052748703727804576011451297639480.html?mod=googlenews_wsj

Mark Madoff tried unsuccessfully for a few months to get a job in trading, then turned to working to develop new applications for iPads, according to one friend who spoke with him earlier in the year.

(snip)

Mark Madoff, 46 years old, lives in Manhattan’s Soho neighborhood with his wife, Stephanie, who changed her last name from Madoff to Morgan after Bernard Madoff’s arrest. The couple bought a $6.5 million home in Nantucket, Mass in mid-2008. It’s currently for sale, according to a person familiar with the sons’ finances.

(snip)

Neither has talked with his father or mother in two years, mostly out of personal choice and also because of legal sensitivities, a person familiar with the matter said. Mark Madoff recently has been using an email address that doesn’t include his first or last name, a friend noted.


24 posted on 12/11/2010 7:59:55 AM PST by maggief
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To: jimbo123

He and his wife may have been separated. I read that she wanted to change her last name and that of their children as it was so embarrassing to be a member of the Madoff family.


25 posted on 12/11/2010 8:00:09 AM PST by BunnySlippers (I love BULL MARKETS . . .)
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To: Ladycalif

Some call it karma, some call it fate.
The sins of the father shall be visited upon the son.
How we live our lives, affects the lives of those we love.
What goes round, comes round. Written in the stars.
The play of the cards. Oh what a tangled web we weave
when first we practice to deceive. . .


26 posted on 12/11/2010 8:00:41 AM PST by This I Wonder32460
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To: palmer

No, he did not do the right thing. His father, his brother and he all knew that their scam was about to implode. So they agreed that the father would claim he acted alone and that the sons would turn him in to avoid prison themselves. That was the deal, and a very cynical and amoral one at that.


27 posted on 12/11/2010 8:01:57 AM PST by wideawake
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To: GOPsterinMA

“If they were Republican, like say Jack Abranoff, every other word preceding the name would have been “Republican”.”

So True.


28 posted on 12/11/2010 8:02:04 AM PST by This I Wonder32460
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To: This I Wonder32460

Exactly.


29 posted on 12/11/2010 8:02:16 AM PST by Ladycalif ("If you don't have a sword, sell your cloak and buy one." Jesus)
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To: BunnySlippers

The separation and name changes were all orchestrated by the Madoff lawyers to try to insulate the brothers from the charges. But the brothers (and possibly the wives) knew what was going on and were on their way to being indicted by the IRS for tax fraud and other potential charges very soon. Their assets have been frozen and they are part of the civil recovery actions by the by recovery trustees.


30 posted on 12/11/2010 8:04:18 AM PST by jimbo123
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To: laconic
I have no ideas who knew what and all the vicious speculation is out of line .

The man was in a awful situation and driven to madness .

God bless him and his wife and kids.

31 posted on 12/11/2010 8:05:00 AM PST by ncalburt (Get Even on Election Day)
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To: Ladycalif

“...With him in the apartment was his 2-year-old child, said sources....”

So this selfish, pathetic coward offs himself, with his little boy in the apartment with him...that’s just wonderful. Just f***ing great...Way to go, “Dad”...

Please pray for this little kid, so that he has no memory of the horror of it and can grow up to lead somewhat of a normal life.

This world is full of jerkoffs...and it’s the kids that always pay the price because of the jerkoffs... Damage to ourselves, well, that’s the way things go...but damage to kids BECAUSE of us? That’s unacceptable. Sick to my stomach thinking of it...


32 posted on 12/11/2010 8:05:03 AM PST by NFHale (The Second Amendment - By Any Means Necessary.)
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To: jimbo123

He had immunity from the Feds. The problem was that the civil suits against him would have deservedly left him penniless. Just a couple of days ago, one of his father’s friends was forced to turn over $625 million of ill-gotten gains. He knew he was a couple of hearings away from destitution.


33 posted on 12/11/2010 8:05:53 AM PST by wideawake
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To: palmer
I didn't know this part. Sounds like the kid did the right thing.

Bernie's story was that he was the only family member that knew his business was a scam.

I have always doubted this, but I don't really know.

Bernie knew the house of cards was collapsing. If he wanted his sons to be protected and not live out their lives in prison (and separated from Bernie's grandchildren) then there had to be a story.

The story of Bernie's "confession" and the subsequent call to the police by his son would be easy for the Madoffs to contrive.

I have always assumed that this is what happened, but as I've said I don't really know.

34 posted on 12/11/2010 8:06:11 AM PST by rogue yam
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To: maggief

The brothers and wives were/are on their way to criminal indictment for tax fraud and possibly more. They knew what was going on and it was only a matter of time until they were going to be arrested and charged.


35 posted on 12/11/2010 8:08:02 AM PST by jimbo123
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
on Saturday, the second anniversary of the day his father was arrested for running a gigantic Ponzi scheme that shattered thousands of lives around the world
Thousands of lives around the world, huh? Does anyone here know *anybody* personally whose life was shattered? This is a disgusting display of partisan axegrinding by the Slimes on the back of a tragic event. Thanks Ladycalif.


36 posted on 12/11/2010 8:08:47 AM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: Carley

The other suicides were of clear-cut accomplices who were looking at jail time. Undoubtedly, the younger Madoff was among the many who knew and didn’t want to know. It stated he did not work in the part of the company that was involved in the scheme. It is a tragedy that Bernie Madoff had made his reputation quite legitimately before he ever started this ponzi scheme. I still don’t understand how otherwise intelligent people can do this, knowing that pyramids must always collapse eventually.

Anyone remember Martin Frankel in the 90’s?


37 posted on 12/11/2010 8:09:00 AM PST by sinanju
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To: wideawake

They do not have immunity from the Feds for the criminal tax fraud charges.


38 posted on 12/11/2010 8:09:00 AM PST by jimbo123
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To: windcliff

ping


39 posted on 12/11/2010 8:09:48 AM PST by stylecouncilor (What Would Jim Thompson Do?)
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To: jimbo123

Given the way the company was structured, I don’t see an easy way for the sons not to know.

I personally think Ruth knew as well as Bernie’s two female helpers.

I’m not convinced the wives knew. Maybe, maybe not.


40 posted on 12/11/2010 8:11:15 AM PST by BunnySlippers (I love BULL MARKETS . . .)
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To: wideawake

Do you have a source that the sons had any type of immunity?


41 posted on 12/11/2010 8:14:07 AM PST by jimbo123
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To: This I Wonder32460

Big Investor: “So Bernie, are you going to pay us back?”
Madoff: “I can’t! I’m broke!”
Big Investor: “Is that a picture of your family? Nice family!”


42 posted on 12/11/2010 8:15:50 AM PST by OregonRancher (Some days, it's not even worth chewing through the restraints)
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To: jimbo123

Exactly! No way the kids could work there for years and not know what was going on. Young Madoff killed himself because the heat was now coming down on him. Bernie’s confession kept the kids out of jail, but the lawsuits the trustee just filed against the family were going to blow away the ‘kids didn’t know, Bernie did it all on his own’ defense.

Hate the pain it caused some of the family, but I hope they don’t let Bernie attend the funeral. I would like him to sit in jail alone, contemplating how he has ruined the lives of everyone he professed to love.


43 posted on 12/11/2010 8:16:16 AM PST by milwguy
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To: BunnySlippers
Given the way the company was structured, I don’t see an easy way for the sons not to know. I personally think Ruth knew as well as Bernie’s two female helpers. I’m not convinced the wives knew. Maybe, maybe not.

This^^^^^^^^^ and there was probably many more involved. You don't keep track of billions with just a handful of people

44 posted on 12/11/2010 8:16:19 AM PST by hoyt-clagwell (5:00 AM Gym Crew Jerking Iron.....)
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To: sinanju
I still don’t understand how otherwise intelligent people can do this, knowing that pyramids must always collapse eventually.

Eventually can sometimes seem like a long time.

I figured that Bernie intended for his scam to last until his death. At that point his family would be wealthy and protected (Bernie would rig it so that he posthumously took all of the blame) and he would go to his grave having lived every day as a billionaire hero.

The 2008 financial collapse exposed the scam about 10 to 15 years too soon. That's all.

45 posted on 12/11/2010 8:16:28 AM PST by rogue yam
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To: NFHale
Please pray for this little kid, so that he has no memory of the horror of it and can grow up to lead somewhat of a normal life.

Yes, this little child is the victim of a criminal grandfather and the selfish act of the father. What a heritage. How could anyone do such a thing with a little boy in the house? The child is the only one I have any sympathy for. Prayers for him.

46 posted on 12/11/2010 8:17:49 AM PST by CitizenM (If we ever forget that we're one nation under GOD, then we will be a nation gone under.-Ronald Re)
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To: Ladycalif

The tragedy of materialism over morality.

I am so thankful that during my life I experienced the challenge of poverty and found purpose. Grateful that my children were also similarly blessed.

Lessons that socialists overlook: strength of character is derived by our own efforts - not by living on the labor of others.


47 posted on 12/11/2010 8:18:22 AM PST by sodpoodle (Despair; man's surrender. Laughter; God 's redemption.)
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To: BunnySlippers

One of the son’s wives filed for a divorce that was orchestrated with the timing of Bernie’s arrest. But it was seen by the Feds as Kabuki and the action has been stopped by the Feds while the investigation continues.


48 posted on 12/11/2010 8:18:52 AM PST by jimbo123
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To: jimbo123
Does it occur to you that maybe this guy wasn't in on it, felt tremendous remorse, guilt, etc., was in all likelihood Depressed and could handle any more pressure or stress?
49 posted on 12/11/2010 8:22:08 AM PST by Captain Peter Blood
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To: milwguy

The piper was calling.

The trustees were on their way to taking away the sons’ money.

And the feds were on their way to jail the sons for tax fraud.

So one of the boys took the coward’s way out. We’ll see about the other one.


50 posted on 12/11/2010 8:23:08 AM PST by jimbo123
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