Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Madoff is mourning alone

December 13, 2010 |  1:51 pm

Bernard Madoff will be mourning his son's death alone.

Madoff's lawyer, Ira Sorkin, said Monday that his client would not be attending the funeral of Madoff's elder son, Mark, "out of consideration for his daughter-in-law and his grandchildren."

Madoff Mark Madoff committed suicide Saturday at his home in Manhattan on the second anniversary of his father's arrest.

Sorkin said Bernard Madoff would be "conducting a private service on his own" at the Butner Federal Correctional Complex in North Carolina, where he is serving a 150-year sentence for perpetrating what is thought to be the largest Ponzi scheme in U.S. history.

On Monday the New York Post reported that the Mark Madoff's mother, Ruth, has blamed the father's sins for the son's suicide.

Mark Madoff and his brother, Andrew, both worked at their father's firm. They are facing hundreds of civil lawsuits but have not been charged criminally.

The brothers have reportedly not spoken to either of their parents in two years, in part to avoid further legal problems.

The family has made no announcement about a funeral.

-- Nathaniel Popper

Photo: Bernard Madoff.  Credit: EPA/Justin Lane