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December 12, 2010

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Madoff's son found hanged in apartment

ONE of jailed financier Bernard Madoff's sons was found dead yesterday of an apparent suicide, according to a law enforcement official.

Mark Madoff, 46, was found hanged in his apartment in Manhattan's SoHo district, according to the official. A family member notified police around 7:30am.

The official spoke on the condition of anonymity because he wasn't allowed to speak publicly about the case.

Mark Madoff and his brother, Andrew, were under investigation but hadn't faced any criminal charges in the massive Ponzi scheme that led to their father's jailing.

Bernard Madoff swindled a long list of investors out of billions of dollars and is serving a 150-year prison term in North Carolina.

The scandal put a harsh light on members of the swindler's family. The financier's brother, Peter, played a prominent role in the family's company.

Mark and Andrew Madoff both worked on a trading desk at the firm, on a side of the business that wasn't directly involved in the Ponzi scheme.



 

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