Who is the madoff family
F— you. The sons had gone straight to their personal lawyers and to the feds, who arrested the fraudster in his pajamas early the next morning. Andrew died of cancer in estranged from his wife, Deborah Anne West, with whom he had one child. Both sons had drawn six-figure salaries from their work at the Madoff firm, along with free use of corporate business cards that drew directly from the pot of investor lootings.
But they went to their graves maintaining that their father never told them about the Ponzi scheme — and with the feds still working to unravel the entirety of the fraud, and whether their claims of innocence were actually true.
He served some nine years of his sentence for his involvement in the scheme and was released from home confinement and federal custody in August, He was last living in Miami. Peter had lived for 20 years in the home, a lavish Georgian colonial in affluent Old Westbury that featured four acres, a pool and a tennis court. Ironically, his stated final wish was that he be freed to repair his relationship to his grandchildren , he claimed in an interview with Washington Post last year, as he battled terminal kidney disease and sought unsuccessfully to be released on compassionate grounds.
Meanwhile, lawsuits have looted their inheritances — including trust funds set up by Ruth, and none of his five grandchildren have his name, according to Town and Country magazine. Madoff and his inner circle have been featured in books, movies, even an off-Broadway play. Bernie Madoff turned 80 in He apparently marked the occasion quietly at the medium security Federal Correctional Institution in Butner, North Carolina, where he is in the 10th year of a year sentence.
His longtime defense attorney, Ira Lee Sorkin, says he last spoke with Madoff earlier this year. He's doing OK," Sorkin said, "as well as one could expect someone to be OK when they know they're going to die in prison. Madoff has cut back on his contacts with the news media, not responding to multiple emails from CNBC ahead of the 10th anniversary of his arrest on Dec. In a interview at the prison, he said life behind bars was proving to be less stressful than life on Wall Street.
But in a email , he wrote, "I'm hanging in there. I miss my family terribly. How on earth did I get myself into this nightmare? Madoff's wife and high school sweetheart, Ruth, was never implicated in her husband's crimes. In one of her only interviews about the scandal, she told NBC's "Today" in that she knew nothing about her husband's fraud. At the time, she said she had cut off all contact with her husband at her sons' insistence. But the couple is still married, and Bernie Madoff claimed to CNBC in that he still managed to make contact with Ruth about major family matters.
In the most Shakespearean twist of the scandal, neither of the Madoffs' two sons survive. Older son Mark Madoff hanged himself in on the second anniversary of his father's confession. He was 46, and his own 2-year-old son was asleep in the next room. While both Mark and Andrew Madoff maintained that they knew nothing about their father's crimes, Mark apparently concluded he would never be able to be completely free of the scandal.
Andrew died four years later , at 48, after a long battle with mantle cell lymphoma, a rare cancer that typically strikes men over While the two sons were never charged criminally, court-appointed trustee I rving H.
Picard alleged they received millions of dollars that they should have known were illicit proceeds from the fraud. She moved out of New York City following her husband's arrest and spent two years living in Florida with her sister before transitioning to one of her son Andrew's homes in Greenwich, Connecticut.
In , she moved to a one-bedroom condo in Old Greenwich, where she lived in virtual exile, according to a New York Post report. The couple, who married when Ruth Madoff was 18, tried to take their own lives one Christmas Eve after Bernie Madoff confessed the scheme to his family. Mark, 46, was the oldest of the two Madoff sons. Both sons worked at a trading desk at their father's firm on a side of the business that wasn't directly involved in the Ponzi scheme. Mark Madoff's last known contact with his father was the day Bernie Madoff confessed to the scheme -- on Dec.
Mark Madoff's 2 year-old son, who was sleeping in the next room, was not harmed. The family dog was also uninjured, investigators said. Mark Madoff's wife, Stephanie, sent her stepfather to the couple's home after he e-mailed her at Disney World in Florida, where she was vacationing with their 4-year-old daughter. In the messages, he told her he loved her and that someone should check on their 2-year-old child, Nicholas, police said.
He left no suicide note. A law enforcement official confirmed Mark sent an email to his lawyer urging him to help "take care of my family" and that "no one wants to hear the truth.
Earlier that year, Mark Madoff's wife petitioned a court to change her last name, saying her family had gotten threats and was humiliated by the scandal. Mark Madoff had two other children from a previous marriage to his college girlfriend. In an interview the year after his father's arrest, Andrew Madoff, who also was never charged criminally in the fraud, said he never suspected his financier father of running a Ponzi scheme because he grew up hearing what a legend he was. Shortly after his brother's suicide, Andrew Madoff told People magazine, "One way to think of this is the scandal and everything that happened killed my brother very quickly.
And it's killing me slowly. He was first diagnosed with a rare form of cancer -- mantle cell lymphoma -- in but went into remission.
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