Sunday, December 12, 2010

Mark Madoff hanged himself with his 2-year-old son in the next room

Mark Madoff, 46, the son of infamous investment fraudster Bernie Madoff, was found hanging from an exposed pipe in his loft apartment in New York City, early Saturday morning. His wife, Stephanie was in Florida and asked her father to check on him after receiving a troubling email.

When his father-in-law entered the couple’s apartment, he found Madoff hanging at the end of a dog leash. Mark and Stephanie’s 2-year-old son was asleep in the next room.

Madoff worked with his father since 1987, and though he claimed to have no knowledge of his father’s fraudulent schemes, most people did not buy it. Mark, along with his brother Andrew and their mother, Ruth, received tens of millions of dollars from the family’s investment firm and lived an incredibly lavish lifestyle.

In fact, investigators had recently begun focusing their attention on Mark and his role in the $20 billion scam, which may be why he killed himself.

Speaking under the condition of anonymity, an investigator told News Day: “He was next up to the tee.”

The circumstances of Madoff’s suicide are somewhat reminiscent of that of writer Hunter S. Thompson.

On February 20, 2005, Thompson placed a .45 caliber semi-automatic handgun in his mouth and pulled the trigger. His wife Anita was on the phone with him, as he shot himself. She told the Aspen Daily News: "I was on the phone with him, he set the receiver down and he did it."

Thompson’s grandson was in the next room playing when the shot rang out.

There are approximately 30,000 suicides in the United States annually.

Read more about the Madoff case: http://www.examiner.com/crime-in-norfolk/a-look-at-how-bernie-madoff-s-life-has-changed-behind-bars?cid=parsely#parsely

http://www.examiner.com/crime-in-norfolk/bernie-madoff-will-die-prison-probably-sooner-rather-than-later

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