Bernard Madoff Son Takes Own Life in `Unnecessary Tragedy,' Lawyer Says
“Mark Madoff took his own life today,” Martin Flumenbaum of law firm Paul, Weiss, Rifkind, Wharton & Garrison, said in a Business Wire statement.
“This is a terrible and unnecessary tragedy. Mark was an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo. We are all deeply saddened by this shocking turn of events,” Flumenbaum said in the statement.
Sergeant Kevin Hayes, a New York Police Department spokesman, told Bloomberg News that a body was found at 158 Mercer Street in Manhattan, and police were notified by a family member at about 7:30 a.m. He wouldn’t identify the victim pending a medical examiner’s examination, and declined to disclose the cause of death.
Mark Madoff and his brother, Andrew, were under investigation but hadn’t faced any criminal charges in the massive Ponzi scheme that led to their father’s jailing, AP reported.
Bernard Madoff, 72, is serving a 150-year sentence at a federal prison in North Carolina. At the time of his arrest, Madoff’s account statements reflected 4,900 accounts with $65 billion in nonexistent balances. Investors lost about $20 billion in principal.
Residents of the Manhattan address, listed as that of Mark D. Madoff, couldn’t be immediately reached for comment.
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