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Results tagged “markmadoff”
Bernard Madoff Thought Future Daughter-In-Law Could Have Bigger Boobs

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. more ›

Bernard Madoff Understands "Why Clients Hate Me," Has Bad Dreams

Bernard Madoff Understands "Why Clients Hate Me," Has Bad Dreams

On the heels of his daughter-in-law's damning memoir and his wife's interview with 60 Minutes, Bernard Madoff is effectively in the midst of a PR blitz, since he's granted an exclusive interview with Barbara Walters. ABC News reports, "He said he is relieved to be free from years of fear he'd be discovered as a fraud and finally has overcome thoughts of suicide. Repeatedly throughout the interview he told Walters that he was guilty of the crimes that put him in prison, saying 'I deserved to be punished. I deserved to go to jail.'" more ›

Bernard Madoff Loves Being In Prison: "I Am Quite The Celebrity"

Bernard Madoff Loves Being In Prison: "I Am Quite The Celebrity"

The biggest Ponzi schemer—that we know of—Bernard Madoff is serving a 150-year sentence in federal prison, a far cry from his life between homes all over the world. But apparently he likes being behind bars! His daughter-in-law Stephanie Madoff Mack reveals what he said in a letter to her, "As you can imagine, I am quite the celebrity, and am treated like a Mafia don." more ›

Bernard Madoff's Daughter-In-Law Would "Spit In His Face" If She Saw Him

Bernard Madoff's Daughter-In-Law Would "Spit In His Face" If She Saw Him

Last December, Mark Madoff committed suicide by hanging himself from the ceiling of his Soho apartment, apparently distraught over repercussions from his father Bernard Madoff's massive Ponzi scheme. This Friday, ABC News is running an interview with his widow Stephanie Madoff, and she does not like her father-in-law at all. more ›

Ruth Madoff May Finally Be Dumping Bernie

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. more ›

Live Where Mark Madoff Killed Himself For $32,500/Month

Live Where Mark Madoff Killed Himself For $32,500/Month

According to a Curbed tipster, a new four-bedroom rental available for just $32,500 at 158 Mercer Street is the former apartment of the late Mark Madoff—expensive rentals are all the rage, don't you know? Curbed says, "The listing doesn't make the connection (we can't blame it for wanting to fly under the radar) and we haven't yet heard back from the broker, but the details line up: Mark Madoff and wife Stephanie purchased the 4,169-square-foot #4M for $6.075 million in 2005. The brokerbabble describes the apartment as having 'a very high end, magnificent renovation.'" Of course, Madoff, son of Ponzi schemer extraordinaire Bernard Madoff, killed himself in his apartment last December. more ›

Madoff: Banks "Had To Know" He Was Running Ponzi Scheme

Madoff: Banks "Had To Know" He Was Running Ponzi Scheme

Bernard Madoff has given his first behind-bars interview to NY Times reporter Diane Henriques, who is writing a book about his massive Ponzi scam, and he now says that other institutions—banks and hedge funds he wouldn't name— had to know his too-good-to-be-true returns were all smoke and mirrors. Madoff said, "They had to know. But the attitude was sort of, 'If you’re doing something wrong, we don’t want to know.'" more ›

Ruth Madoff Unwanted At Son's Memorial Service

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." more ›

Madoff Helpers Want Their Freedom, Money

Madoff Helpers Want Their Freedom, Money

The Madoff saga will never, ever, end. The newest wrinkle in the story comes from two of Bernie's assistants, former operations chief Daniel Bonventre and former aide Annette Bongiorno, who are trying to wiggle out of prison as the Feds continue to build a case against them and the remaining Madoffs. more ›

Inmate: Bernard Madoff "Crying" After Son's Suicide

Inmate: Bernard Madoff "Crying" After Son's Suicide

A week after Mark Madoff's suicide, there's word of his Ponzi schemer dad's reaction in federal prison. A recent inmate told the Post that Bernie Madoff looked "like someone had shot him in the stomach" after learning his 46-year-old son killed himself. "He was crying, and he was very distraught. No one was messing with him. They knew what had happened." more ›

Madoff's In-Laws Are Chauffeurs Now

Madoff's In-Laws Are Chauffeurs Now

With the Madoffs in the news lately after Mark Madoff's tragic suicide and a flurry of lawsuits, Post checks in with how Bernard Madoff's wife's sister and brother-in-law are doing. "Ruth Madoff's 73-year-old sister Joan Roman and her husband, Robert Roman, 76, last year began a business called Need-a-Ride out of their modest Boca Raton condo after their investments in Bernie's fund were wiped out." The septuagenerian couple "[uses] their own cars to ferry passengers to airports, delis, and malls." A neighbor said, "They lost everything. They almost lost their house. They do odds and ends to get by." more ›

Mark Madoff Cremated, Had Trouble Hanging Himself

Mark Madoff Cremated, Had Trouble Hanging Himself

The Post, which just a few days ago featured a photograph of a dog leash and the headline "End Of His Rope" to describe the suicide of Mark Madoff, is now on his side, outraged that he was cremated without a memorial. However, his wife Stephanie explained in a statement that there would be a private event later this week, adding, "My husband Mark took his own life and regardless of what you feel about my father-in-law and his monstrous crimes, Mark's children are innocent victims and this is tragic for them. I am devastated and now raising two small children alone. I ask that you please show decency and understanding toward all of Mark's children and allow us to mourn in private." more ›

No Funeral Service Planned For Mark Madoff

No Funeral Service Planned For Mark Madoff

The body of Mark Madoff was removed from the NYC medical examiner's office to a funeral home, and a source tells the Post that no funeral service is planned. A community affairs police officer said, "The family doesn't want to have anything to do with the body... There's no service planned. There's not going to be a viewing... You're not going to see any Madoff relatives." more ›

Bernie Madoff's Secretary Can't Make Bail

Bernie Madoff's Secretary Can't Make Bail

62-year-old Annette Bongiorno worked for Bernie Madoff for 40 years and made some serious cash while she was at it: her $920k "investment" in his ponzi scheme got her $14 million—of which she still has $2.5 in cash and stocks. But now she is under arrest and she isn't being allowed to use any of her ill-gotten gains to pay her $5 million bail. Soon enough her house arrest in her $3 million Florida home (one of two she's got) may become a big house arrest. more ›

Mark Madoff's Suicide: Blame Game Begins

Mark Madoff's Suicide: Blame Game Begins

After Mark Madoff committed suicide by hanging himself with a dog leash from a pipe in his Soho apartment—with his two-year-old son sleeping in another room—on Saturday, more details about his recent state of mind have emerged. A friend tells the Daily News that the 46-year-old son of the infamous Ponzi schemer Bernard Madoff was stressed out about not being able to find a job and impending lawsuits. And another family friend claims that Ruth Madoff is blaming Bernie for their oldest son's death; Ruth allegedly believes that Mark "would not have died if it weren't for what [Bernie] had done." more ›

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." more ›

Bernard Madoff's Son Mark Found Dead In Soho Apartment

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. more ›

Madoff's Sons May Be Hit With Tax Evasion Charges

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." more ›

Madoff's Sons: Hey, We're Victims, Too!

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. more ›

Madoff Daughter-In-Law Hates Her Last Name!

Madoff Daughter-In-Law Hates Her Last Name!

Stephanie Madoff may be married to Ponzi schemer Bernard Madoff's son Mark, but she sure doesn't want to be saddled with the infamous last name. The Post and Daily News report on how she applied to change her and her children's last names because of the "embarrassment, harassment and endangerment associated with the name." more ›

Madoff Relatives Agree To Asset Freeze

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. more ›

Police Called To Find (Momentarily) Missing Madoff Son

Mark Madoff may have been sued for taking an estimated $66+ million, thanks to his dad Bernie's massive Ponzi scheme—but he's still got enough cash to pay for a night at the SoHo Grand. According to the Post, Madoff spent the night there after getting into a "bitter" fight with his wife, who eventually called the police because she was worried about his disappearance! more ›

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." more ›

Trustee To Sue Madoff's Relatives For Ill-Gotten Gains

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." more ›

Madoff Sons Haven't Spoken To Parents Since December

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. more ›

Madoff's Sons Targeted By Feds, Ruth Madoff Heads South

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. more ›

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