Times 2

Bernard Madoff's elder son dead in suicide

Malelane, South Africa, Dec 11 (Reuters) -Mark Madoff, the elder son of convicted swindler Bernard Madoff, was found hanging in his New York City apartment in an apparent suicide, police and his lawyer said on Saturday.

Mark Madoff, 46, was found dead on the two-year anniversary of the arrest of his father. Bernard Madoff, 72, is now serving 150 years in prison after confessing to running a decades-long Ponzi scheme that bilked investors out of billions.

“Mark Madoff took his own life today. This is a terrible and unnecessary tragedy,” Martin Flumenbaum, a lawyer for Mark Madoff and his younger brother, Andrew, said in a statement.“Mark was an innocent victim of his father's monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo.” Mark Madoff was found hanged in his apartment, New York
City police spokesman Paul Browne said. Outside the upscale apartment building in the SoHo neighborhood, police kept a television cameras and reporters across the street.

The Madoff sons and other family members had worked for their father's financial firm, Bernard L. Madoff Investment Securities LLC, which crumbled when the Ponzi scheme was revealed.

Defrauded Madoff investors have long viewed the swindler's sons, wife and other family members suspiciously, arguing it is unfathomable that they could not have known about Bernard Madoff's lies.

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