Andrew Madoff

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From Prison, Madoff Defends Two Dead Sons

They weren't in on Ponzi scheme, he tells NBC

(Newser) - Bernie Madoff is trying to clear the names of his dead sons caught up in his mammoth Ponzi scheme. In emails to NBC , the 76-year-old insists that Andrew and Mark never knew about his illegal dealings. Andrew died of cancer last year at age 48, and Mark committed suicide at... More »

Bernie Madoff's Only Surviving Son Dead at 48

Andrew Madoff had battled lymphoma

(Newser) - Bernie Madoff's son Andrew died this morning of cancer at age 48, his lawyer tells CNBC . "Andrew Madoff has lost his courageous battle against mantle cell lymphoma," the lawyer says, per Reuters . "He died peacefully at Memorial Sloan Kettering Cancer Center on September 3, 2014, surrounded... More »

Ruth Madoff to Bernie: 'What's a Ponzi Scheme?'

Ruth, Andrew open up to '60 Minutes'

(Newser) - Almost three years ago, Bernie Madoff turned to his wife and said, “I have a confession to make: I’ve been running a Ponzi scheme,” Ruth Madoff recalled on 60 Minutes last night. Son Andrew remembers his mother’s response: “What’s a Ponzi scheme?” Once she... More »

New Book Depicts Madoffs' Scary Dysfunction

Imperial Bernie created misery all around him

(Newser) - A new book about Bernie Madoff's family is hitting bookstores tomorrow and depicting a miserable, greedy, vain clan of epic proportions. Here are highlights from the New York Post 's rundown of Truth and Consequences, by Laurie Sandell with cooperation from Ruth Madoff and her son Andrew:
  • Bernie.
... More »

Bernie and I Attempted Suicide: Ruth Madoff

She says she and Bernie tried to kill themselves after story broke

(Newser) - Ruth Madoff makes a jarring admission to 60 Minutes, saying she and husband Bernie attempted suicide with pills after his Ponzi scheme unraveled, reports CBS News . "I don't know whose idea it was, but we decided to kill ourselves because it was so horrendous what was happening,"... More »

Ruth Madoff Dumping Bernie

She finally cuts it off after 52 years to reconcile with surviving son

(Newser) - After 52 years of marriage, Bernard Madoff's wife is finally calling it quits. Ruth Madoff, 70, hasn't seen her 73-year-old hubby for more than 8 months, reports the Daily Mail. She's cutting ties with Madoff in an effort to reconcile with her remaining son, Andrew, and her... More »

Madoff Family's New Gig: High-End Disaster Planning

Catherine Hooper and Andrew Madoff run 'Black Umbrella'

(Newser) - Are you prepared in the event of a disaster? Well, if you have tons of excess cash, don’t worry: The Madoff family can help. After his father was arrested, Andrew Madoff helped fiancée Catherine Hooper launch a high-end disaster planning service, ABC News reports. Dubbed “Black Umbrella,... More »

Madoff to New York: 'I'm a Good Person'

Ponzi schemer reveals how his crimes have destroyed his family

(Newser) - “How could I have done this?" asks convicted fraudster Bernie Madoff in his weekly prison therapy sessions. "I'm a good person." But although Madoff spectacularly betrayed his investors, the betrayal he inflicted on his family was far worse, writes Steve Fishman in a lengthy piece in New ... More »

Mark Madoff's Widow: Have Pity

Our children are innocent victims, Stephanie Morgan tells press

(Newser) - Mark Madoff's widow has appealed to the public to have some compassion in the wake of her husband's suicide . "Regardless of what you feel about my father-in-law and his monstrous crimes, Mark's children are innocent victims and this is tragic for them," said Stephanie Morgan in her first... More »

Mark Madoff's Suicide Tightens Screws on Brother

Mark's death won't stop cases against brother Andrew

(Newser) - Bernie Madoff's son Mark may have committed suicide on Saturday but the lawsuits against him and his brother, Andrew, stemming from their father's Ponzi scheme are alive and well. Andrew Madoff, now Bernard Madoff's only surviving son, had the same responsibilities as his brother at the family firm, and is... More »

Trustee Wants $30M More From Madoffs

Irving Picard sues, again, for money

(Newser) - The court-appointed trustee seeking to recover billions of dollars lost by Bernie Madoff is suing for $30 million that he says the Madoff family invested in oil, gas, and tech, reports the AP . The suit filed by trustee Irving Picard says the investments were used as vehicles to funnel money... More »

Help Wanted: No Madoffs Need Apply

Even those cleared of wrongdoing can't find finance work

(Newser) - Add his former employees to the list of of Bernard Madoff's victims—and that includes his sons. Wherever it appears, the Madoff name on a résumé is toxic for those trying to continue to work in finance, experts say. Mark Madoff, who worked for his father for 20 years,... More »

Madoff Trustee Sues Relatives for Not 'Doing Their Jobs'

$199M suit spreads blame to firm's execs

(Newser) - The trustee in the Bernie Madoff case, delivering on his threat to sue the imprisoned fraudster's relatives and co-workers, filed a $199 million lawsuit today in bankruptcy court. Rather than alleging that they knew about Bernie's Ponzi scheme, Irving Picard's complaint takes issue with the way brother Peter, sons Mark... More »

Trustee to Sue Madoff's Sons, Brother, Niece

He'll seek $198 million; sons may also have 'criminal problem'

(Newser) - Bernie Madoff’s sons, brother, and niece will all be sued this week for $198 million, the trustee in charge of sorting out the Ponzi mess said last night. Sons Mark and Andrew Madoff in particular withdrew roughly $35 million, despite making little if any investment. “Whether or not... More »

Trustee Set to Gouge Madoff's Sons, Brother

May ask for $50M of clients' cash back

(Newser) - They're not accused of being in on the fix, but that's not stopping the court-appointed trustee of Bernard Madoff from going after the swindler’s sons and brother, CBS News reports. Trustee Irving Picard will file civil complaints against Mark, Andrew, and Peter Madoff and seek up to $50 million... More »

Madoff: I Can't Believe They Didn't Catch Me

Gives first prison interview, and he's looking a little buff

(Newser) - Prison life appears to be agreeing with Bernie Madoff. A lawyer who represents victims met with Madoff today and said he appears fit. "He looked pretty good and seems to be working out," said attorney Joseph Cotchett. "He looked a lot better than he has in some... More »

Madoff Sons Give Dad the Cold Shoulder

Haven't spoken to him since Ponzi confession

(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 ... More »

Madoff's $100K AmEx Bills Point to Rampant Abuse

Investors' money kept family living luxe

(Newser) - Ponzi-schemer Bernard Madoff used investors’ money as a “personal piggy bank” to support family, as well as some staff, extravagances, ABC reports. Documents filed in New York bankruptcy court show that Ruth Madoff used the company card to purchase nearly $5,000 of clothing at Paris boutiques last January,... More »

Feds Go After Madoff's Sons, Wife's Jewelry

US seeks payback of loans, along with gems, cufflinks

(Newser) - The Madoff accounting continues. Authorities said today they intend to collect millions of dollars from Bernie's sons, about $2.6 million worth of his wife's jewelry, and 35 watches and cufflinks that belonged to the Ponzi schemer himself, the Daily News reports. Madoff lent son Mark $9.5 million, much... More »

As Losses Mount, Madoff Son Goes Shopping

Investment scam doesn't appear to hinder family's holiday spending

(Newser) - Watching investors lose their shirts on Bernard Madoff’s investments didn’t deter his son and daughter-in-law from a holiday shopping spree yesterday, the New York Post reports. Andrew Madoff, who worked for Dad’s failed financial firm, and wife Deborah power-shopped SoHo, snapping up items from J.Crew, Kidrobot,... More »

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