Bernard Madoff's son Mark has committed suicide, exactly two years after the biggest financial fraud in history was uncovered and his father was arrested.
Mark and his brother Andrew joined their father's firm from college and rose to senior positions in the Madoff family business, the Telegraph reports. However, on December 11, 2008, Bernard Madoff was arrested for conducting the world's biggest financial scam. Now, on the second anniversary of his father's arrest and just three days after he was named in a civil law suit and speculation intensified he would face criminal charges, Mark was found dead in his luxury apartment. "Mark Madoff took his own life today," Martin Flumenbaum, the dead man's lawyer, said in a statement. "Thi...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
