House of Shame
In the midst of running their elaborate Ponzi scheme, the Madoff family invested money in some actual investments—namely, real estate in Manhattan, Long Island and Greenwich.
The government came for Ruth and Bernie Madoff’s penthouse years ago, but the real estate holdings of the rest of the family have taken a little longer to claim, as the courts untangle the many complications of recovering cash stolen by the clan.
Convicted Ponzi schemer Bernie Madoff will not be attending the funeral of his son, Mark, who committed suicide this past weekend, The New York Times reports.
Mr. Madoff’s lawyer, Ira Lee Sorkin, told The Times that Bernie is staying away from the service “out of consideration for the family’s privacy.” Mr. Sorkin also told Read More
Mark Madoff, son of convicted Ponzi scheme operator Bernie Madoff, was found dead in his apartment this morning, the two-year anniversary of Bernie Madoff’s confession to his sons that he had been running a fraud. The New York Post reports:
Officers were called to 158 Mercer Street to respond to a Read More