Emails reveal last moments before Madoff son's suicide
Monday 13 December 2010
Bernard Madoff's elder son, who took his own life in his New York apartment at the weekend, had been driven to despair by the stain of his father's financial swindles and by the battering of lawsuits against him, the latest of which was filed in London last Thursday, friends and associates said yesterday.
The body of Mark Madoff, 46, was founding hanging from a dog lead attached to a pipe in his SoHo apartment early on Saturday while his 2-year-old son, Nicholas, was sleeping in an adjoining room. While an autopsy is due this morning, the death was being treated as a suicide.
Police were still studying computer records and in particular emails to his wife, Stephanie Morgan, who was at Disney World in Florida yesterday. Written in the hours before his death, they made clear to her that their family "would be better off without 'this' hanging over them all, forever," a source told the Daily News. "He all but said he was going to kill himself."
Ms Morgan – who changed her family name earlier this year, with no objection from her husband, to try to escape the Madoff shame – became alarmed by the dismal emails and asked her father in New York to go around to the apartment. He found the body at 7.30 am on Saturday.
Her husband seems to have timed his suicide carefully to coincide with the very day of the arrest of his father two years ago. It came the day after he and his younger brother, Andrew, had confronted their father about concerns they had about his Manhattan investment firm, where they were both working. After their father told them of the Ponzi scheme he had constructed, Mark went directly to the police.
"I love you," he wrote in one of the missives to his wife just moments before his death. He added: "Send someone to take care of Nick".
Mark had seemingly not spoken to his father since Bernard Madoff's arrest on 11 December 2008 or to his mother, who he considered an "enabler" of the fraud. Valued at $65bn, the Ponzi scheme was the biggest in history and brought ruin to thousands of investors around the world.
Neither Mark nor Andrew faced criminal charges stemming from the scandal. But civil lawsuits had been coming in droves, filed in part by victims of the scheme trying to recoup their money or, more significantly, from Irving Picard, the trustee charged with liquidating the assets of Madoff's investment firm and its subsidiaries.
Mr Picard had until Saturday to file the suits on behalf of victims of the swindle. On Thursday in London, he filed a suit against a former UK Madoff subsidiary. Because Mark Madoff was on its board, he was named in it as one of the defendants. Most galling to Mark Madoff, it seems, however, was another of Mr Picard's suits which named his children, including Nicholas, the 2-year-old.
"I have a hard time believing this," said Eleanor Squillari, a former personal secretary to Bernard Madoff. "Mark was so sweet. He was a wonderful person and I cared about him very much. This doesn't seem like the Mark we knew."
While there were reports that the father, now serving a 150-year prison sentence in North Carolina, had been informed of his son's death on Saturday, there was no information on whether he would be allowed out to attend his funeral. Nor, for that matter, was there any certainty that he would be welcome at the burial anyway.
The magicians using online collaboration to push boundaries
Jennifer Lawrence attacks mass media again over body image
Paris charity auction staged to save the ancient city of Tyre
scienceScientists find the answer to a question that even puzzled Darwin
A very timely Great Train Robbery and a frantic 24 Hours in A&E among the highlights
Jennifer Lawrence: 'It should be illegal to call someone fat on TV'
Colin Farrell reveals ‘affair’ with Elizabeth Taylor: 'She was my last romantic relationship'
Ian Watkins: Paedophile Lostprophets singer sentenced to 35 years for child sex offences, as judge labels him a 'dangerous sexual predator'
Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
Devyani Khobragade: India-US row escalates over arrest of diplomat in New York
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
You can STILL be jailed for being a republican, government confirms, and it remains illegal to even 'imagine' overthrowing the Queen
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
Fighting back: the woman giving a voice (and 49,999 others) to the victims of sexism - by giving an airing to their horror stories
PM denies two child limit for benefits is part of Tory welfare policy
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 4 Christmas comes early: Justin Bieber announces he's 'retiring from music'
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
- < Previous
- Next >
£25000 - £32000 per annum: Harrington Starr: Junior Business Analyst - Banking...
£21999 - £27001 per annum + Benefits: Pro-Recruitment Group: Do you have exten...
£25000 - £35000 per annum + benefits + bonus: Harrington Starr: Business Analy...
£42000 - £51000 per annum + Benefits: Pro-Recruitment Group: Are You Receiving...