Mark Madoff
| Mark Madoff | |
|---|---|
 | |
| Born |
1964-03-11 Long Island, New York |
| Died |
2010-12-10 NYC |
| Nationality | Template:USA |
| Other names | Mark David Madoff |
| Occupation | financier |
| Known for | reporting his father's swindles |
| Spouse(s) | |
Mark Madoff was an American financier, best known for his role in exposing his father, Bernie Madoff's swindles.[1]
He earned a bachelor's degree in economics from the University of Michigan in 1986.[1] He joined the Sigma Alpha Mu fraternity there.[2]
He and his brother Andrew worked for their father's firm, but in a division separate from the Ponzi scheme.[1] Their father's swindle, widely described as the most successful in history, was unable to cope with the financial crisis of 2008, and they describe how he confessed to it, to their mother and themselves, on December 10, 2008.[3] He asked them to give him 24 hours to get his affairs in order, before going to the Police. The brothers decided not to give their father that grace period, and he was surprised by officers and arrested, that day, and they never spoke with him again.
He made a first suicide attempt in 2009, and a second successful attempt in 2010.[1] His children from his second marriage were just 2 and 4 years old when he took his life.[5]
Madoff's estate amounted to $18.6 million.[6] In 2012 Madoff's ex-wife and widow, Susan Elkin and Stephanie Mack, were sued by Irving Picard, the trustee for his father's swindled clients, under a claim they should have known their wealth was based on crime.[1][4][7]
rough work
[edit | edit source]References
[edit | edit source]- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Kaitlin Menza (2017-05-19). "How Bernie Madoff Took His Family Down". Town and Country magazine. Archived from the original on 2019-12-29. Retrieved 2020-10-16.
- ↑
Sara Lieberman (March 2013). "Madoff's Ultimate Victim" (PDF). Page Six magazine. p. 36-42. Archived (PDF) from the original on 2016-02-21. Retrieved 2020-10-17.
It was clear that Mark had the right pedigree. He’d grown up in Roslyn, Long Island—rich, gregarious and considered the “golden boy.” At the University of Michigan, he pledged Sigma Alpha Mu, the go-to fraternity forrich “golden boys” from the EastCoast, and after he graduated hewent straighttowork for Bernard L. Madoff Investment Securities.
- ↑
Diana B. Henriques (2014-09-03). "Andrew Madoff, Who Told of His Father's Swindle, Dies at 48". The New York Times. p. B19. Archived from the original on 2019-10-08. Retrieved 2020-10-16.
The two brothers attracted worldwide attention in December 2008 after they alerted federal agents that their father, a respected Wall Street statesman, had confessed to them that his private investment management business was a vast Ponzi scheme. Based on that report, the senior Mr. Madoff was arrested the next morning, Dec. 11, 2008.
- ↑ 4.0 4.1
Carmen Ribecca (2017-08-23). "Where are the Madoff sons' wives today?". The List (magazine). Archived from the original on 2018-06-23. Retrieved 2020-10-16.
Mark's ex-wife, Susan Elkin, was sued for $2.4 million, his widow, Stephanie Mack, for $27.5 million, and Andrew's ex-wife, Deborah Madoff, for $27.7 million.
- ↑
Stephanie Madoff Mack (2012-09-19). "As 'Daddy,' Mark Madoff Lives On". The New York Times. Archived from the original on 2019-10-05. Retrieved 2020-10-17.
Eventually my children will learn about the complex details of their father’s family, and that he took his own life. They’ll be angry, and they’ll grieve in different ways. But, for now, they’re young, and I find that in our grief, we end up celebrating our lives together. We have new memories complete with laughter and dancing. And somehow, we have found a peaceful place for Mark in them as well.
- ↑
Erik Larson (2016-05-10). "Madoff sons' fight over cash persists after death". Salt Lake Tribune. Archived from the original on 2026-08-05. Retrieved 2020-10-17.
Mark Madoff's will listed assets of $18.6 million, including almost $9 million in stocks and bonds.
- ↑
Tiffany Hsu (2012-05-07). "Madoff's family, daughters-in-law sued for $255.3 million". Los Angeles Times. Archived from the original on 2020-10-17. Retrieved 2020-10-11.
Irving H. Picard is expanding an existing lawsuit to also include three of Madoff’s sons’ spouses. The suit claims that the women should have been aware of and reported Madoff’s fraud, which bilked investors of $20 billion.
- ↑
Brian Ross (2010-12-12). "Excerpt: Inside the Madoff Family, the Mets Connection". ABC News. Archived from the original on 2010-12-13. Retrieved 2020-10-24.
Mark was the eldest, born in 1964. ... Mark received a Bachelor of Arts in Economics at the University of Michigan ...
- ↑ David Margolick (July 2009). "The Madoff Chronicles, Part III: Did the Sons Know". Vanity Fair magazine. Archived from the original on 2009-06-09. Retrieved 2009-06-25.
- ↑ Diana B. Henriques; Al Baker (2010-12-12). "A Madoff Son Hangs Himself on Father's Arrest Anniversary". The New York Times. Archived from the original on 2021-05-01. Retrieved 2021-04-09.
- ↑ Zoe Rosenberg (2015-04-22). "$9 Million Soho Loft With Macabre Madoff Connection Sells - Curbed NY". Ny.curbed.com. Archived from the original on 2017-02-11. Retrieved 2022-05-18.
- ↑ Colleen Long (2010-12-12). "Madoff son, 46, commits suicide". Associated Press. Archived from the original on 2015-09-16. Retrieved 2020-10-22 – via The Spokesman-Review.
- ↑
Diana B. Henriques; Peter Lattman (2010-12-16). "Mark Madoff's Name Became Too Big a Burden to Bear". The New York Times. Archived from the original on 2010-12-18. Retrieved 2020-10-24.
Unknown to almost all of his subscribers, that publisher was Mark David Madoff, the older son of the convicted swindler Bernard L. Madoff.
- ↑ "Bernie Madoff son under investigation for Ponzi scheme until his death". Associated Press. 2014-09-29. ISSN 0261-3077. Archived from the original on 2014-02-01. Retrieved 2026-04-12 – via The Guardian.