Ruth Madoff and Andrew Madoff want YOUR sympathy, America.
Bernard Madoff's Wife, Son Still Insist Total Ignorance Of Ponzi Scheme
Bernard Madoff Thought Future Daughter-In-Law Could Have Bigger Boobs
Another week, another book about Ponzi schemer Bernard Madoff! Tomorrow, a new book about the sociopathic man and his family, Truth and Consequence: Life Inside the Madoff Family, by Laurie Sandell—with cooperation from his Ruth Madoff and son Andrew Madoff—will be released. Copies have been obtained in advance by media outlets—the Associated Press got one on Thursday and the Post found one. Revelations include how Madoff was obsessed with making sure his office blinds were perfectly lined up, he sent his son a suicidal-seeming text message, and he was a real charmer with his son's fiancee.
Ruth Madoff May Finally Be Dumping Bernie
Has Ruth Madoff finally decided that loyalty to her imprisoned, multi-billion dollar Ponzi-scheming husband is less important than a relationship with her son? The Daily Mail says that she hasn't been to the federal prison in North Carolina to visit Bernard Madoff for six months because "she allegedly seeks reconciliation with her son," Andrew. The Madoffs' other son Mark killed himself last year, apparently distraught over the fallout from his father's scheme and its effect on his own life.
Ruth Madoff Unwanted At Son's Memorial Service
Last December, the oldest son of Ponzi schemer Bernard Madoff killed himself in his Soho apartment, emotionally distraught over the cloud his father's dealings had left over his life. Mark Madoff had been estranged from his now-imprisoned father and mother Ruth, and now it's reported that Ruth Madoff was "turned away" from his memorial "by his unforgiving widow, Stephanie."
Mark Madoff's Suicide Followed Final E-mails To Wife, Lawyer
Yesterday morning, the body of Mark Madoff was found hanging from a dog leash in his Soho apartment, while his two-year-old son was sleeping in another room. While no note was found, it's believed the 46-year-old son of infamous Ponzi schemer Bernard Madoff committed suicide, based on desperate e-mails he sent to his lawyer and wife at 4 a.m. A Daily News source said of a message to his wife, "It basically sounded like he couldn't take it anymore. At one point he said something like, 'You'll have a better life if I'm not around ...I love you,'" and suggested she and their kids "would be better off without 'this' hanging over them all, forever. He all but said he was going to kill himself."
Bernard Madoff's Son Mark Found Dead In Soho Apartment
The eldest son of Bernard Madoff was found dead in his Soho apartment this morning. The Post reports, "Officers were called to 158 Mercer Street to respond to a report that Mark Madoff was hanging in his apartment. He was found at 7:30 a.m. by his father-in-law, said police sources." We're hearing reports that he was found hanging from a dog leash; Daily News confirms he was hanging from a dog leash and adds, "His two-year-old son was asleep in another room, sources said." Today is the second anniversary of his father's arrest.
Madoff's Sons May Be Hit With Tax Evasion Charges
While their father serves a 140-year sentence in federal prison, Mark Madoff and Andrew Madoff have been claiming that they, too, are victims of their father's massive Ponzi scheme. But now it appears that the feds may be ready to charge them: A source told the AP that the pair, who were executives at Bernard Madoff Investment Securities, "are likely to face tax fraud charges later this year, but may escape more serious securities fraud charges if authorities fail to come up with solid evidence they knowingly participated in the massive fraud."
Madoff's Sons: Hey, We're Victims, Too!
It's another ride on the wahhhmbulance for Mark and Andrew Madoff, sons of Ponzi schemer extraordinaire Bernard Madoff. Reuters reports that they "have submitted a request with a U.S. court to dismiss all the complaints against them, with prejudice, court documents showed. In a filing on Monday with the U.S. Bankruptcy Court, Southern District of New York, the sons said they ranked among the 'numerous victims of their father's terrible crimes.'" The SIPC is suing them for damages, including their compensation during their years working for Daddy. It's alleged that the sons received over $126 million in compensation and loans.
Madoff Relatives Agree To Asset Freeze
Three months after being sued for using Bernard L. Madoff Securities Investments like a "family piggy bank," the sons, brother, and niece of Ponzi schemer Bernard Madoff have agreed to having their assets frozen—plus they agreed to disclose their finances within 30 days.
Madoff's Son May Have A Gun Permit
The Post reports that Andrew Madoff, the 43-year-old son of Ponzi schemer Bernard Madoff, "applied for a license to keep a handgun in his swanky Upper East Side pad more than six months ago -- and his name appears on NYPD and state police lists of approved permit holders." Is he trying to keep up with those alleged Goldman Sachs employees who are packing heat these days?
Boo Hoo: Madoff's Sons Can't Find Work
In the not-so-shocking news department, the Wall Street Journal reports that Mark Madoff and Andrew Madoff, sons of Ponzi schemer extraordinaire Bernard Madoff, "have been wrestling with what to do next" and have been unsuccessful in landing new jobs.
Finally: Madoff's Sons, Brother, Niece Sued For $199 Million
The trustee in charge of liquidating Ponzi schemer Bernard Madoff's assets, filed a lawsuit against Madoff's two sons, brother and his brother's daughter for $199 million in ill-gotten gains from the multi-billion dollar fraud. Irving Picard said the relatives used money from Bernard L. Madoff Investment Securities like a "a family piggy bank."
Trustee To Sue Madoff's Relatives For Ill-Gotten Gains
Irving Picard, the trustee who is liquidating whatever can be found of Ponzi king Bernard Madoff's fortune for in order to repay his thousands of victims, says that he's going to sue Madoff's two sons, Mark and Andrew, as well as his brother Peter and niece Shana, noting that they made $150 million over the years. All four were employed at Madoff's firm and Picard said he'll sue them for negligence and breach of fiduciary duty, "Whether or not they have a criminal problem we will pursue them as far as we can pursue them and if that leads to bankrupting them, then that's what will happen."
Madoff Sons Haven't Spoken To Parents Since December
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's Sons Targeted By Feds, Ruth Madoff Heads South
Finally: The Daily News reports that prosecutors are looking to seize assets related to Bernard Madoff's sons. Apparently the jailed financier loaned his sons multimillion amounts: "Andrew Madoff [pictured], 42, could be on the hook for $9.5 million - half of that loaned just months before his father's arrest. Mark Madoff, 44, is listed as owing $22 million." Both sons were senior executives at their father's "investment firm," which ended up just taking billions from clients and not investing the money anywhere; the sons were also the ones who turned Madoff into the feds when their father confessed he was just running a Ponzi scheme. The feds also want $2.6 million worth of Madoff's wife's jewelry plus 35 sets of watches and cufflinks that belong to Madoff. As for Ruth Madoff, she declared her $9.4 million Palm Beach residence her primary home, perhaps a way to shield it from creditors.

