According to the New York Times, Mark Madoff had been in “an increasingly fragile state of mind.” But the son of Bernard Madoff was not the only death due to the Madoff Ponzi scheme. Thierry Magon de La Villehuchet, chief executive officer of Access International Advisors took his own life in December 2008 after losing funds invested with Madoff’s firm.
The New York Times reports that the events following his Bernie Madoff’s arrest took their toll on the oldest Madoff son. Lawsuits filed by victims of Bernie Madoff’s Ponzi scheme, along with the personal fall out because of his father, were wearing on Mark Madoff. Mark Madoff was very upset by a recent lawsuit that named his young children as defendants. The lawsuit was filed by trustee, Irving H. Picard, who was seeking the recovery of money Bernard Madoff had paid out to the family.
In addition to lawsuits, Madoff had a great deal of personal pain because some of his closest friends invested with the Madoff firm and lost their life savings due to the scheme created by Bernard Madoff.