Mark Madoff: Difference between revisions
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'''Mark Madoff''' was an United States of America|American financier, best known for his role in exposing his father, Bernie Madoff's swindles.<ref name=townandcountrymag2017-05-19/> | '''Mark Madoff''' was an [[United States of America|American]] financier, best known for his role in exposing his father, Bernie Madoff's swindles.<ref name=townandcountrymag2017-05-19/> | ||
He earned a bachelor's degree in economics from the University of Michigan in 1986.<ref name=townandcountrymag2017-05-19/> He joined the Sigma Alpha Mu fraternity there.<ref name=PageSix2013-03pg36-42/> | He earned a bachelor's degree in economics from the University of Michigan in 1986.<ref name=townandcountrymag2017-05-19/> He joined the Sigma Alpha Mu fraternity there.<ref name=PageSix2013-03pg36-42/> | ||
He and his brother | He and his brother Andrew worked for their father's firm, but in a division separate from the Ponzi scheme.<ref name=townandcountrymag2017-05-19/> Their father's swindle, widely described as the most successful in history, was unable to cope with the financial crisis of 2008, and they describe how he confessed to it, to their mother and themselves, on December 10, 2008.<ref name=nytimes2014-09-03/> He asked them to give him 24 hours to get his affairs in order, before going to the Police. The brothers decided not to give their father that grace period, and he was surprised by officers and arrested, that day, and they never spoke with him again. | ||
Madoff married twice.<ref name=townandcountrymag2017-05-19/><ref name=thelist2017-08-23/> | Madoff married twice.<ref name=townandcountrymag2017-05-19/><ref name=thelist2017-08-23/> | ||
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| quote = Irving H. Picard is expanding an existing lawsuit to also include three of Madoff’s sons’ spouses. The suit claims that the women should have been aware of and reported Madoff’s fraud, which bilked investors of $20 billion. | | quote = Irving H. Picard is expanding an existing lawsuit to also include three of Madoff’s sons’ spouses. The suit claims that the women should have been aware of and reported Madoff’s fraud, which bilked investors of $20 billion. | ||
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| quote = Mark's ex-wife, Susan Elkin, was sued for $2.4 million, his widow, Stephanie Mack, for $27.5 million, and Andrew's ex-wife, Deborah Madoff, for $27.7 million. | | quote = Mark's ex-wife, Susan Elkin, was sued for $2.4 million, his widow, Stephanie Mack, for $27.5 million, and Andrew's ex-wife, Deborah Madoff, for $27.7 million. | ||
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Latest revision as of 12:14, 23 July 2024
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Mark Madoff was an American financier, best known for his role in exposing his father, Bernie Madoff's swindles.[1] He earned a bachelor's degree in economics from the University of Michigan in 1986.[1] He joined the Sigma Alpha Mu fraternity there.[2] He and his brother Andrew worked for their father's firm, but in a division separate from the Ponzi scheme.[1] Their father's swindle, widely described as the most successful in history, was unable to cope with the financial crisis of 2008, and they describe how he confessed to it, to their mother and themselves, on December 10, 2008.[3] He asked them to give him 24 hours to get his affairs in order, before going to the Police. The brothers decided not to give their father that grace period, and he was surprised by officers and arrested, that day, and they never spoke with him again. He made a first suicide attempt in 2009, and a second successful attempt in 2010.[1] His children from his second marriage were just 2 and 4 years old when he took his life.[5] Madoff's estate amounted to $18.6 million.[6] In 2012 Madoff's ex-wife and widow, Susan Elkin and Stephanie Mack, were sued by Irving Picard, the trustee for his father's swindled clients, under a claim they should have known their wealth was based on crime.[1][4][7] References
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