Palin: "Absurd" Not To Consider 2012 Run
Wall Street Throwing More Money at Republicans
Paterson Bombshell Rumor Watch: Resignation Imminent?
More Bald Eagles Spotted In Harlem!
Bloomberg: Crime Stat Manipulations are "Tiny"
A new Vanity Fair article says that disgraced financier Bernard Madoff's sons haven't spoken to their father or mother since Madoff confessed to running a multibillion dollar Ponzi scheme last December. When Andrew and Mark Madoff were told, VF writer David Margolick says, "Mark was angry and Andrew was on the [kitchen] floor, sobbing." Opinion is divided on whether the sons knew of the scheme; one former employee said, "They wouldn’t have been able to do what Bernie did: they just didn’t have the evilness in them," but admits other associates might feel differently. Margolick adds, "Mark is said to be obsessed with the scandal, huddled over his computer, hyper-scrutinizing every story and blog posting, and, when it suits him, answering e-mail instantaneously, but that Andrew has completely shut down." However, a friend now says Andrew is focused on making sure his daughters feel loved—"just because their grandfather turns out to be one of the worst criminals ever doesn’t mean they’re bad people." As for not contacting Ruth Madoff, the sons allegedly don't think she was involved, but know she'd take Bernie's side.
Madoff Sons Haven't Spoken To Parents Since December
add to stumble upon
add to reddit
tweet this
post to facebookComments (8) [rss]
Post a comment (Comment Policy)
Tips
Newsmap
Contribute
"ark is said to be obsessed with the scandal, huddled over his computer, hyper-scrutinizing every story and blog posting"
Ok, if you're reading this, you should forfeit every penny you have ever recieved from your father and father's company. Start over from scratch like that guy did who is now a host at a restaurant (former crud-oil trader) and work your way back up to where you are now. Only then do I think you would be deserving of redemption.
Sorry, coffee hasn't kicked in regarding my grammar, but I think you might get the point.
i'm sure they wrestle with this constantly. let's not forget that they pretty much blew the whistle on pop. at the same time, giving up what you earned as an employee is difficult. it's like being a highly-compensated doorman at a club that turns out to be mob run. when it get's busted, why should he pay the money back.
although any investment dollars the madoff boys made should be - and probably already have been - frozen.
I think Bernie didn't respect the kids and kept them out of the loop on a lot of things that mattered. If they were in on it they'd be hiding behind a lawyer. In any case this was a very unnatural family.
Ruth was not only in on it, but was most likely at the center of the scheme. She enjoyed a particular lifestyle that only theivery at the highest levels could sustain. If she isn't indicted, it's only because the criminal justice system is slanted towards men.
"Mark was angry and Andrew was on the [kitchen] floor, sobbing."
Of course!!! Their trust funds went away!!!
"Mark is said to be obsessed with the scandal, huddled over his computer, hyper-scrutinizing every story and blog posting" -- this reminds me of something I was reading just the other day about how 1/3 of Harvard MBAs participating in a study "were inclined to define right and wrong simply in terms of what everyone else was doing." (from http://www.timesonline.co.uk/tol/news/uk/education/article5821706.ece) The idea that one's sense of self-worth and/or one's ethics should be measured against what do a majority of others think is idiocy. I haven't read the VF article yet and haven't followed this story closely enough to have an informed opinion on whether the sons were involved or not, but if they think the things people say on blogs are more important than what they actually did or didn't do (not to mention what they do going forward), they are hopeless failures.
Don't fall for this ploy; I believe this is all planned. From the sons allegedly 'turning Bernie in', to this latest alleged 'we don;t speak to our dad' scenario.
I don;t buy it one way; they are lookng to keep in the lifestyle