Life Story Biography / Profile Information
Introduction :
Mark Madoff was an American securities trader in New York. Before his death in 2010, he was known as the son of Bernie Madoff — the man behind the largest investment fraud in United States history.
Personal Life, Parents and Family Details :
- Mark Madoff was born on March 11, 1964, in New York. He was the oldest of two sons born to Bernie and Ruth, with a younger brother named Andrew. Sadly, both brothers are now deceased: Mark from suicide, and Andrew from blood cancer.
- After meeting on a blind date, Mark married his second wife, Stephanie, with whom he had two kids: Audrey and Nicholas. He also had two kids from his first marriage to Susan Elkin: Daniel and Kate.
The Ponzi Scheme Scandal :
- On December 10, 2008, Bernie revealed to his sons that he was operating a Ponzi scheme, ultimately cheating investors out of billions of dollars. Mark and Andrew immediately turned him to the FBI; Bernie was arrested the next day and was sentenced to 150 years in prison.
- Although Mark and his brother denied any knowledge of the scheme, many did not believe them. Regardless of the truth, their lives were turned upside down; Mark became obsessed with reading about the case, scrutinizing what people were saying about him. He never again spoke to his dad and refused to see his mom who remained in contact with Bernie.
- On the two year anniversary of his father’s arrest, Mark committed suicide by hanging himself in his New York apartment, using the family dog’s leash. According to his wife he had been doing better, but Mark had gotten notice that day that a lawsuit was being filed against his 4-year-old daughter for $11,000 — money that had been gifted to her by Mark’s parents.
Early Life, Education and Career :
- From a privileged childhood in Roslyn, New York, Mark attended the East Hills School and Roslyn High School. He was described by a high school friend as a “hugger,” a “pleaser” and a “mama’s boy — in a good way”). He was also described as the “best-looking kid in high school.”
- After graduating from the University of Michigan in 1986 with a degree in economics, Mark joined his dad’s investment securities firm at 22 years old. Bernie’s long-time secretary said Mark wanted to start on the phones alongside her — something he had done as a kid — but Bernie moved him straight onto the trading floor.
- The “head of trades” at the once reputable firm, Mark was unable to find work when the scandal broke. At the time of his death, he was running a self-launched real estate newsletter called Sonar.
Interesting Facts and Trivia :
- Tormented by his father’s crime, Mark had once before attempted suicide. In 2009, he had checked himself into a hotel under a fake name and swallowed a bunch of pills.
- Among the celebrities who invested in Bernie’s firm were Kevin Bacon, Steven Spielberg, and Larry King — to name a few.
- Although he knew Stephanie was “the one” on their third date when she walked out to meet him with a damp ponytail, Mark did not kiss her until their fourth date.
Related posts
Michael Drejka Age, Wikipedia, Wife, Ethnicity, Appeal, Married Biography
Susan Cox Powell Age, Husband, Wikipedia, Theories, Bio, Story, Case
Maggie Freleng Partner, Age, Tattoos, Husband【 How old, Birthday 】Bio
Katherine Russell Tsarnaev Daughter, Remarried, New Husband 2022?
Amber Hilberling Wiki, Baby, Parents, Son Levi Hilberling Age, Today 2024
Mollie Tibbetts Wiki, Father Dad, Boyfriend (Parents Mother) Height
Jodi Arias Wikipedia, Now 2024, Marriage, Bio, Family Parents【 Today 】
Alissa Turney Age, Petition, Dad Father, Sister Sarah Turney, Wiki 2024
Carolyn Bryant Wikipedia, Death Date, Age, Education, Biography, Family