Mark 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 »

Madoff Boast: I'm Treated Like a Mafia Don

Prison has a 'college campus feel,' says the don

(Newser) - Just call him Don Ponzi. Scammer Bernard Madoff boasted to his daughter-in-law that he's treated "like a Mafia don" at his prison digs in North Carolina with "loads of friends" who "respect" him. "As you can imagine, I am quite the celebrity, and am treated... More »

Madoff's Daughter-in-Law: I'd Spit in His Face

She holds Ponzi schemer responsible for husband's death

(Newser) - The widow of Ponzi schemer Bernard Madoff's older son, who committed suicide last year, said she'd "spit" on her father-in-law if she ever saw him. Stephanie Madoff Mack said she holds Madoff "fully responsible for killing my husband, and I'd spit in his face."... More »

Ruth Madoff Turned Away From Son's Memorial

It was apparently her punishment for choosing Bernie over boys

(Newser) - Ruth Madoff mourned alone after her son Mark committed suicide , sources tell People. She flew from Florida to Connecticut for the memorial service, but was turned away by Mark’s wife, the New York Post reports. A friend says Ruth’s sons wanted her to choose between them and disgraced... More »

Distraught Madoff Getting 'Back Into the Groove'

But now he's back in the groove

(Newser) - When "Inmate Madoff, report to the chapel" crackled over the intercom last Saturday, "everybody knew"—sort of—says a recent inmate at Madoff's North Carolina lockup. "Every time there's a death of a relative, you have to report to the chapel," the former inmate explained,... 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 »

No Funeral for Mark Madoff

Ponzi schemer's son to be cremated without service

(Newser) - Bernard Madoff's elder son will be cremated with no viewing and no funeral service, sources tell the New York Post . The body of Mark Madoff—who hanged himself on Saturday, the second anniversary of his father's arrest—was claimed by a funeral director on behalf of his family yesterday. His... More »

Ruth Madoff Blames Bernie for Son Mark's Suicide

Family thinks Bernie may not 'survive this'

(Newser) - In Ruth Madoff's eyes, the death of son Mark is all husband Bernie's fault. "Her wrath is aimed at her husband," a Madoff biographer tells the New York Post , citing family friends. He adds that Ruth is "totally disgusted with" Bernie and "thinks this is the... 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 »

Not Going to Mark Madoff's Funeral: Bernie

Prison rules say dad's ineligible for furlough

(Newser) - Mark Madoff might not have wanted his notorious father at his funeral anyway, but Bernie Madoff will likely be barred from attending, the New York Post reports. The North Carolina prison’s Inmate Handbook says prisoners can have supervised furloughs for immediate family members’ funerals only if they’ve got... More »

Mark Madoff Hadn't Spoken to His Father in 2 Years

Friends say he couldn't move on after Ponzi revelations

(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... More »

Bernie Madoff Son Hangs Himself

Mark Madoff had been left 'unalterably bitter' by sins of the father

(Newser) - The 46-year-old son of Ponzi schemer Bernard Madoff has been found hanging in an apparent suicide in his SoHo apartment, reports the New York Post. Mark Madoff, who sources recently told the Wall Street Journal was left "unalterably bitter" by his father's crimes, hadn't faced criminal charges to date,... 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 »

Madoff Kin Seek New Names

Ponzi schemer's daughter-in-law wants change for family

(Newser) - Bernard Madoff's daughter-in-law has decided she no longer wants to carry the financial world's least-trusted name. Stephanie Madoff, wife of Madoff's son Mark, has filed a name change request for herself and her two young children, Audrey and Nicholas, in Manhattan court, the New York Daily News reports. 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 »

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