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Tag: mark madoff

Possibility of Charging Madoff Relatives Fading

Mark Madoff committed suicide/facebook photo

By Allan Lengel
ticklethewire.com

Nearly three years after the feds began investigating world-class swindler Bernie Madoff, it appears less and less likely charges will be filed against his brother, son and niece, the Associated Press reports.

AP reported that “people with knowledge of the case” said potential evidence against brother Peter Madoff, son Andrew Madoff and niece Shana Madoff was turned over to prosecutors in the spring and that a decision was expected by summer’s end.

“The U.S. attorney’s office in Manhattan hasn’t taken any action, suggesting any potential criminal evidence gleaned from a massive paper trail and the testimony of cooperators isn’t strong enough to conclusively prove that the three knew that Madoff spent decades orchestrating the largest Ponzi scheme in history, said the people, who spoke on condition of anonymity because a final decision hasn’t been announced,” AP wrote. “All three family members have denied any wrongdoing.”

AP reported that prosecutors have decided not charge Madoff’s wife Ruth. His son Mark, a former executive with the company, committed suicide last year, AP reported.

 

Bernie Madoff Won’t Attend Son’s Funeral

Mark Madoff/facebook photo

By Allan Lengel
ticklethewire.com

Convicted swindler Bernie Madoff won’t be attending the funeral of his son Mark, who committed suicide in his  Manhattan home over the weekend, the Wall Street Journal reported.

“Mr. Madoff will not be attending the funeral out of consideration” for his family, attorney Ira Sorkin told the Journal.  Madoff will have his own private ceremony at his North Carolina prison.

Details of the funeral were still unclear and Mark Madoff’s  body remained in the New York City morgue on Monday, the Journal reported. In the Jewish faith, a body is buried as quickly as possible.

NBC’s Today Show reported that the son had not talked to the parents in a long time and that Ruth Madoff, Bernie’s wife, was angry at her husband over the suicide, saying he had blood on his hands.

Mark Madoff and his brother denied ever knowing that their father ran a sham operation, though some are skeptical of those claims.

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