Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, December 13, 2010

Mark Madoff Commits Suicide

Mark Madoff Mark Madoff, Bernard Madoff’s elder son, was found dead Saturday morning in an apparent suicide. Saturday was the two-year anniversary of his father’s arrest.

Over the past two years, Mark had been in an increasingly fragile state of mind. To start, Mark’s relationships with several of his childhood friends were ruined when their savings were lost in the fraud, causing Mark great pain. Over the next two years, Mark faced constant media speculation and accusations that he had been involved in his father’s crime. Most recently, Mark was named as a defendant by the trustee searching for assets for victims of the scheme.  This pending lawsuit will not be derailed by Mark's death, but will continue against his estate. 

Martin Flumenbaum, Mark’s lawyer, called Mark “an innocent victim of his father’s monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo.”

Diana B. Henriques and Al Baker, Madoff’s Elder Son Found Dead in Suicide, N.Y. Times, Dec. 11, 2010.

Special thanks to Adam J. Hirsch (William and Catherine VanDercreek Professor of Law, Florida State University College of Law) for bringing this to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2010/12/mark-madoff-commits-suicide.html

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