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Madoff decides not to attend elder son's funeral
Source: Agencies |
December 15, 2010, Wednesday
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IMPRISONED financier Bernard Madoff won't seek to attend his son's funeral out of consideration for the privacy of his son's wife and four children, according to his lawyer.
Attorney Ira Sorkin said Madoff will mourn privately at the North Carolina prison where he's serving a 150-year term for his fraud conviction in what authorities have called history's largest Ponzi scheme.
Madoff's elder son, Mark Madoff, 46, hanged himself last Saturday in his Manhattan apartment two years after his father was arrested on charges he cheated thousands of people out of billions of dollars.
Sorkin declined to say whether Madoff considered asking to attend his son's funeral. The lawyer would say only: "Mr Madoff will not be attending the funeral out of consideration for his daughter-in-law's and grandchildren's privacy. He will be conducting a private service on his own where he is incarcerated."
Sorkin spoke a day after the city medical examiner's office formally ruled Mark Madoff's death a suicide. He was found hanging from a dog leash. His two-year-old son was found asleep in an adjacent room.
His body hadn't been picked up from the medical examiner's office for burial as of Monday, office spokeswoman Ellen Borakove said.
The death came while the Madoffs faced increased scrutiny in the days before the two-year anniversary of Bernard Madoff's arrest as a court-appointed trustee trying to recover money for investors filed dozens of lawsuits to meet a filing deadline.
The actions of Mark Madoff, along with those of his brother, Andrew Madoff, and his uncle Peter Madoff, have been studied by investigators trying to learn how Bernard Madoff was able to carry out such a large fraud without a wider circle of people knowing about it.
In November 2008, Madoff informed investors that their initial investment of roughly US$20 billion had more than tripled in value. Just days later, he confessed to his sons that the business was a sham and that he had only several hundred million dollars of investors' money left.
Attorney Ira Sorkin said Madoff will mourn privately at the North Carolina prison where he's serving a 150-year term for his fraud conviction in what authorities have called history's largest Ponzi scheme.
Madoff's elder son, Mark Madoff, 46, hanged himself last Saturday in his Manhattan apartment two years after his father was arrested on charges he cheated thousands of people out of billions of dollars.
Sorkin declined to say whether Madoff considered asking to attend his son's funeral. The lawyer would say only: "Mr Madoff will not be attending the funeral out of consideration for his daughter-in-law's and grandchildren's privacy. He will be conducting a private service on his own where he is incarcerated."
Sorkin spoke a day after the city medical examiner's office formally ruled Mark Madoff's death a suicide. He was found hanging from a dog leash. His two-year-old son was found asleep in an adjacent room.
His body hadn't been picked up from the medical examiner's office for burial as of Monday, office spokeswoman Ellen Borakove said.
The death came while the Madoffs faced increased scrutiny in the days before the two-year anniversary of Bernard Madoff's arrest as a court-appointed trustee trying to recover money for investors filed dozens of lawsuits to meet a filing deadline.
The actions of Mark Madoff, along with those of his brother, Andrew Madoff, and his uncle Peter Madoff, have been studied by investigators trying to learn how Bernard Madoff was able to carry out such a large fraud without a wider circle of people knowing about it.
In November 2008, Madoff informed investors that their initial investment of roughly US$20 billion had more than tripled in value. Just days later, he confessed to his sons that the business was a sham and that he had only several hundred million dollars of investors' money left.
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