Madoff Brothers Not Speaking to Dad

June 3rd, 2009
| More
Mark and Andrew Madoff, the son’s of Bernie Madoff revealed in a Vanity Fair article this week that they have not spoken to their father since the night he unveiled his ponzi scheme to them in his upper eastside palatial apartment. Andrew is quoted in the article as calling Bernie’s actions “a father-son betrayal of biblical proportions.”

Both sons claim that they had no idea about the scheme until that infamous night in December. Whether or not the sons had been complicit in the ponzi scheme, its still a sham that they are likely to live the rest of their lives off of the millions that their Dad paid them.
See Source
For Detailed Investor Profiles on these Investors, click below:
Madoff Investments LLC
Related People: Bernard Madoff
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News

Add a Comment

More Recent Headlines

Esteemed Hedge Fund Managers Liquidate: Expect Downward Pressure on Top Holdings

Icahn & Eastbourne Celebrate Disposal of Amylin's Chairman

Guggenheim Hires Former Bear Stearns CEO Alan Schwartz

Helios Announces India-Focused Equity Fund

European shareholder activist Cevian Capital acquires stake in Old Mutual plc

Einhorn, Chanos and Ackman Speak at Ira Sohn Research Conference

Boaz Weinstein Launching Bond-Focused Saba Capital

Shareholder Activist Week in Review

Aderans’ Shareholders Vote in Favor of Steel Partners’ Activist Agenda

Chemed’s Management Defeats Millbrook Capital (MMI)