Mark Madoff Hadn't Spoken to His Father in 2 Years
Friends say he couldn't move on after Ponzi revelations
By John Johnson,  Newser Staff
Posted Dec 11, 2010 3:34 PM CST
An undated photo of Mark Madoff.   (AP Photo/Security Traders Association of New York, Kimberly Unger)
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(Newser) – Mark Madoff, the son of Ponzi schemer Bernie who killed himself this morning, hadn't spoken to his father in two years, friends tell the Wall Street Journal. Brother Andrew hasn't either, but Mark seemed to have more difficulty than Andrew in trying to get beyond their father's fraud case. He followed developments closely online and was shaken at suggestions he was in on it. (He, Andrew, and their uncle Peter remain under criminal investigation.)

The Journal notes that Andrew became an avid biker and joined his fiancee's consulting business, while Mark tried and failed to land a job back on Wall Street. A friend says he'd been working on iPad apps of late. The trustee looking to get back investors' money wrote of him: "It was—or at the very least, should have been—obvious to Mark that the massive gains reflected in his customer account statements did not reflect actual securities transactions or market conditions."

 

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