Bernie Madoff, a former stockbroker who ran his multibillion-dollar firm as a massive Ponzi scheme learned of his two sons' deaths while imprisoned. Mark committed suicide in December 2010, and Andrew died in September 2014 from cancer. Bernie's reaction was the most upset about Mark's death cause after he killed himself and claimed he had no idea why.
Before Bernie Madoff, the mastermind behind one of the largest Ponzi schemes in history was caught and arrested in 2008 along with his brother Peter Madoff, involving the swindling of $65 billion from thousands of clients. Former clients testified that they lost their life savings as a result of his schemes, and he was quickly put on trial. He was eventually sentenced to 150 years in federal prison in 2009. However, Bernie served only a portion of his sentence. He died in 2021 while still in prison after learning of the deaths of his two sons.
Madoff: The Monster of Wall Street, a new Netflix docuseries, tells the story of infamous financier Bernie Madoff's glorious rise and disastrous fall. His Ponzi scheme has ruined thousands of people's lives, including his two sons, Mark Madoff, & Andrew Madoff, and many other family members, which appear to have been plagued by tragedy — suicide, cancer, divorce, prison, and humiliation. Follow this article to learn more about Bernie Madoff's two sons' death.
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Meanwhile, Madoff had a heart attack in 2014 and was diagnosed with stage 4 kidney disease. He served the majority of his sentence at a federal prison in Butner, North Carolina. Bernie worked as an orderly in a section of the jail dedicated to educational programs while there. He died while still in prison in 2021 he died at 82. He was thought to have died of natural causes related to his failing health. According to all evidence, Bernie's both son resented their father until the day they died.
As per Madoff: The Monster of Wall Street, the new Netflix docuseries real-life con, Bernie Madoff's eldest son, Mark Madoff committed suicide and killed himself in 2010 at the age of 46, on the two-year anniversary of his father's arrest. Mark also left a suicide note in which he blamed Bernie for his actions. His suicide note said, in part,
"Now you know how you have destroyed the lives of your sons by your life of deceit."
It wasn't the first time he had tried to commit suicide. Previously, he attempted an Ambien overdose in 2009. Before his death, Mark contacted his wife, who was vacationing in Florida with their daughter, and asked her to check on their youngest child. His son was home at the time of his death.
After Mark's suicide, his mother Ruth Madoff, ended all communication with his father. She reportedly blamed both herself and Bernie for their son's death. However, Mark was part of his father's business for years before the scandal. He had always insisted that he knew nothing about the massive fraud going on behind the scenes. Many of Mark's childhood friends who had invested with his father's firm lost their life savings — and reportedly cut contact with Mark — when the Ponzi scheme collapsed.
Similarly, Bernie Madoff's second son, Andrew Madoff, died in 2014 at 48. His death cause was mantle-cell lymphoma, a rare form of cancer. He lost his courageous battle against cancer. He died peacefully at Memorial Sloan Kettering Cancer Center on September 3, 2014, surrounded by his loving family. Andrew was diagnosed with lymphoma in 2003 and relapsed a decade later. In October 2012, the disease resurfaced. He attributed his recurring cancer to stress caused by his father. However, he believed that the stress of his father's infamy and his own civil lawsuit had caused cancer to return.
Andrew, like his mother, was never charged in his father's scheme and denied knowing about it for decades. Bernie's younger son was the subject of a lawsuit by a court-appointed trustee seeking to recover funds for investors at the time of his death. The lawsuit, however, claimed that Andrew and Mark knew more about their father's plot than they ever admitted.
They were the company's princes. Many people believe that when Bernie retires, one or both of them will take over. They led extravagantly wealthy lives and neither had a particularly rigorous work ethic. However, the brothers confronted their father in 2008 about concerns about the company's finances, at which point Madoff admitted to running a Ponzi scheme. His sons then notified authorities about his father's largest Ponzi schemes in history.
Looking at Bernie's reaction, he was most concerned about Mark. He claimed that he had no idea why he hung himself. He didn't leave his cell for a week after Mark committed suicide. That messed with him. We don't believe the son dying of cancer affected him as much as the son who committed suicide.