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Madoff Sons Give Dad the Cold Shoulder

Haven't spoken to him since Ponzi confession

By Matt Cantor,  Newser Staff

Posted Jun 3, 2009 10:05 AM CDT

(Newser) – Bernie Madoff’s sons haven’t spoken to their father since he told them about his Ponzi scheme in December, a confession that drove Andrew to tears and Mark to anger. Nor have they spoken to their mother, whom they see as an enabler, David Margolick writes in a Vanity Fair piece about the boys. The brothers get hate calls at home, make dinner reservations under other names, and, in one case, got knocked out by an ex-Madoff employee.

“We all know you stole the money! It's obvious you took it!” said the worker, who said he was owed a $450,000 bonus. “You're a criminal!" But the elder Madoff’s personal secretary says she doesn’t think they took part in the scheme. Regardless, Andrew and Mark, who made as much as $5 million a year, stand to lose their fortune as well.

In this image made from video, Bernard Madoff's longtime secretary Eleanor Squillari talks during an interview with the Associated Press, Wednesday, May 6, 2009 in New York.
In this image made from video, Bernard Madoff's longtime secretary Eleanor Squillari talks during an interview with the Associated Press, Wednesday, May 6, 2009 in New York.   (AP Photo/APTN)
In this March 10, 2009 file photo, Bernard Madoff exits Manhattan federal court in New York.
In this March 10, 2009 file photo, Bernard Madoff exits Manhattan federal court in New York.   (AP Photo/David Karp, file)
Ruth Madoff get into a waiting SUV after visiting her husband, disgraced financier Bernard Madoff, at the Metropolitan Correctional Center, Monday, April 6, 2009 in New York.
Ruth Madoff get into a waiting SUV after visiting her husband, disgraced financier Bernard Madoff, at the Metropolitan Correctional Center, Monday, April 6, 2009 in New York.   (AP Photo/Mary Altaffer)
Bernard Madoff arrives at Manhattan federal court, Thursday, March 12, 2009, in New York.
Bernard Madoff arrives at Manhattan federal court, Thursday, March 12, 2009, in New York.   (AP Photo/ Louis Lanzano)
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COMMENTS
Showing 3 of 8 comments
Guest
Jun 4, 2009 12:43 AM CDT
Whether they knew or not, they have to give back the money. I have some sympathy for them in that both of the parents are such low-life sociopaths. But a thinking person would have questioned getting all of that money to do -- what? Most youngish working men don't have salaries of $5M a year . . . in what universe? They didn't earn it. It was stolen. It has to go back to the victims.
Robert_Dada
Jun 3, 2009 4:09 AM CDT
He put them through cut up pieces of paper glued onto cardboard??
wwwonderer
Jun 3, 2009 2:53 AM CDT
While I can see how being a recognizable 'celebrity' makes being in the public a problem, it doesn't seem like the were concerned when times were good. I'm sure they used the clout the name gave them when they could. I would question, if these guys made $5 million PER YEAR, what did they do to warrant such salaries? And how could they be COMPLETELY unknowing while make such salaries?

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