Securities

Madoff Anniversary: Scam Takes Additional Toll

Saturday, December 11, 2010 was the two-year anniversary of the day when Bernie Madoff's sons, Mark and Andrew, contacted law enforcement officials to notify them that their father was running the largest Ponzi scheme in history. On this same day, Bernie and Ruth's oldest son, Mark, decided he could no longer take the emotional trauma and he took his life. Unfortunately, this is the second suicide linked to Bernie Madoff's scam. Just a few weeks after the Madoff scam came to light in 2008, one of his investors who managed others' money in the scam Rene-Thierry Magon de la Villehuchet, was found dead after he slashed both of his wrists. Here are the details of Mark's suicide and some thoughts on this tragic disaster that Bernie left for others to clean up.

 Read the full article in its entirety on Mark and Aaron Zimbelman’s blog, FraudBytes.