Mark Madoff Funeral: Bernie Madoff Won't Attend Son's Funeral
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Twittering One
NEW YORK — Imprisoned financier Bernard Madoff won't seek to attend
his son's funeral out of consideration for the privacy of his son's
wife and four children, his lawyer said Monday.
Attorney Ira Sorkin said Madoff instead will mourn privately at the
North Carolina prison where he's serving a 150-year sentence for his
fraud conviction in what authorities have called history's largest
Ponzi scheme.
Madoff's older son, Mark Madoff, 46, hanged himself early Saturday in
his Manhattan apartment two years after his father was arrested on
charges that he cheated thousands of people out of tens of billions of
dollars.
Sorkin declined to say whether Madoff considered asking to attend his
son's funeral. The lawyer would say only: "Mr. Madoff will not be
attending the funeral out of consideration for his daughter-in-law's
and grandchildren's privacy. He will be conducting a private service
on his own where he is presently incarcerated."
Sorkin commented a day after the city medical examiner's office
formally ruled Mark Madoff's death a suicide. Madoff was found hanging
from a dog leash in his apartment. His 2-year-old son was found asleep
in an adjacent room.
The death came while the Madoff family faced increased scrutiny in the
days before the two-year anniversary of Bernard Madoff's arrest as a
court-appointed trustee trying to recover money for investors filed
dozens of lawsuits to meet a filing deadline.
The actions of Mark Madoff, along with those of his brother, Andrew
Madoff, and his uncle Peter Madoff, have been studied by investigators
trying to learn how Bernard Madoff was able to carry out such a large
fraud without a wider circle of people knowing about it. Madoff's
brother and sons all held management positions at the family
investment business.
In November 2008, Madoff informed investors that their initial
investment of roughly $20 billion had more than tripled in value. Just
days later, Madoff confessed to his sons that the investment business
was a sham and that he had only several hundred million dollars of
investors' money left.
In court papers, a lawyer for the sons has portrayed his clients as
whistleblowers who alerted authorities as soon as their father
revealed the fraud to them. Neither son, nor Madoff's brother, was
charged criminally, and authorities have said no charges are imminent.
