Why Did Mark Madoff Son of Bernie Madoff Take His Own Life?


Mark Madoff

To be living in the shadow of Bernard L. Madoff must have been incredibly difficult. And for Mark Madoff, the eldest son of Ponzi scheme mastermind Bernie Madoff being a living legacy to the man who ruined thousands of lives, proved to be too much to handle. This week Mark Madoff took his own life.  What happened?

On the second anniversary of his father’s arrest, Mark Madoff was found dead at his Manhattan apartment.  His body was found by Mark Madoff’s father-in-law when he came to the home on Saturday morning. Mark Madoff had hung himself by an exposed pipe in the living room. The saddest thing? This 2-year-old son was asleep in the next room. He had apparently sent out some kind of message to the family that someone should come and check on his 2-year-old, hence why his father-in-law came to the house.

Mark Madoff had worked at his father’s firm right after he graduated college. Before his arrest, Bernie Madoff told his two sons that the whole thing had been one big Ponzi scheme. Both Mark and his brother immediately retained lawyers and since that day have been implicated in many lawsuits. And Mark had the added issue of losing many of his closest friends in the scandal, his best friends had invested with his Dad’s firm and had been devastated by the financial scandal.

Mark Madoff’s lawyer said in a statement that, he had been “an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo.”