Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Breaking News

Bernard Madoff’s Son Mark Commits Suicide

Mark Madoff, the son of disgraced Jewish financier Bernard Madoff, was found dead in what is believed to have been a suicide.

The Associated Press quoted New York police as saying that Madoff, 46, was found hanging Saturday in his Manhattan apartment. Mark Madoff’s death coincided with the second anniversary of his father’s arrest on fraud charges.

Bernard Madoff is serving 150 years in prison for what is believed to be the largest Ponzi scheme – investors see returns only when new investors are lured in – in history.

A number of major Jewish organizations profited from and were victims of the scheme. Hadassah this week said it would repay $45 million to the court-appointed trustee of Madoff’s estate, who is seeking to distribute equitably what is left of the scheme’s funds.

Madoff’s sons, who reportedly turned in their father, have not been charged in the scheme, and the elder Madoff said it occurred without their knowledge.

However, Mark and Andrew Madoff were under investigation, and the trustee had sued them for profiting from the business without adequately investigating how it was making money.

Engage

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.