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article imageBernie Madoff's son commits suicide in NY home

By Andrew Moran     Dec 11, 2010 in Business
New York - Mark Madoff, son of imprisoned billion-dollar Ponzi schemer, Bernie Madoff, was found dead in his New York City apartment. Police are calling it an apparent suicide after he was discovered hanging from the ceiling.
Bernie Madoff's eldest son was found dead in his Manhattan SoHo apartment Saturday. Mark Madoff, 46, was discovered by his father-in-law at around 7:00 a.m., according to the Associated Press. He was the head trader at his father’s firm.
Law enforcement officials are saying Madoff turned a dog leash into a noose and strung it over a pipe in the ceiling of his living room.
Mark and his brother Andrew were under investigation but they were never charged in the multi-billion dollar Ponzi scheme with their father. It is the second anniversary since their father was arrested.
“Mark Madoff took his own life today. This is a terrible and unnecessary tragedy,” said the attorney representing both sons, Martin Flumenbaum, reports MSNBC. “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.”
The Los Angeles Times says the two brothers, their uncles and their cousins were being sued for $200 million after a trustee filed a lawsuit in order to collect money for the victims of Madoff. This week, another lawsuit was filed against the two brothers.
Their father is serving a 150-year prison sentence.
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