2010-12-11

Mark Madoff, 46 - Suicide

AP – In this undated photograph provided by Security Traders Association of New York, Mark Madoff is shown. …

The eldest son of Bernard Madoff, Mark, was found in his apartment dead. He hung himself with a dog leash.

NEW YORK – Disgraced financier Bernard Madoff's eldest son hanged himself by a dog leash in his apartment Saturday, exactly two years after his father's arrest in a multibillion-dollar Ponzi scheme that swindled thousands of investors of their life savings.

Mark Madoff, 46, was found hanging from a ceiling pipe in the living room of his SoHo loft apartment as his 2-year-old son slept in a nearby bedroom, two law enforcement officials told The Associated Press.

Madoff, who reported his father to authorities, has never been criminally charged in the biggest investment fraud in U.S. history and has said he and his brother Andrew never knew of their father's crimes. A law enforcement official told the AP that Mark was not facing imminent arrest and hadn't spoken to investigators pursuing possible charges in over a year.

But he and other Madoff relatives have remained under investigation and been named in multiple investor lawsuits accusing them of profiting from the scheme.
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