Madoff won`t attend funeral of son who died in NYC

Imprisoned financier Bernard Madoff won`t seek to attend his son`s funeral out of consideration for the privacy of his son`s wife and four children, his lawyer said.

New York: Imprisoned financier Bernard Madoff
won`t seek to attend his son`s funeral out of consideration
for the privacy of his son`s wife and four children, his
lawyer said.

Attorney Ira Sorkin said Madoff instead will mourn
privately at the North Carolina prison where he is serving a
150-year sentence for his fraud conviction in what authorities
have called history`s largest Ponzi scheme.

Madoff`s older son, Mark Madoff, 46, hanged himself early
Saturday in his Manhattan apartment two years after his father
was arrested on charges that he cheated thousands of people
out of tens of billions of dollars.

Sorkin declined to say whether Madoff considered asking
to attend his son`s funeral. The lawyer would say only: "Mr
Madoff will not be attending the funeral out of consideration
for his daughter-in-law`s and grandchildren`s privacy. He will
be conducting a private service on his own where he is
presently incarcerated."

Sorkin commented a day after the city medical examiner`s
office formally ruled Mark Madoff`s death a suicide. Madoff
was found hanging from a dog leash in his apartment. His
2-year-old son was found asleep in an adjacent room.

The death came while the Madoff family faced increased
scrutiny in the days before the two-year anniversary of
Bernard Madoff`s arrest as a court-appointed trustee trying to
recover money for investors filed dozens of lawsuits to meet a
filing deadline.
The actions of Mark Madoff, along with those of his
brother, Andrew Madoff, and his uncle Peter Madoff, have been
studied by investigators trying to learn how Bernard Madoff
was able to carry out such a large fraud without a wider
circle of people knowing about it. Madoff`s brother and sons
all held management positions at the family investment
business.

In November 2008, Madoff informed investors that their
initial investment of roughly USD 20 billion had more than
tripled in value. Just days later, Madoff confessed to his
sons that the investment business was a sham and that he had
only several hundred million dollars of investors` money left.
In court papers, a lawyer for the sons has portrayed his
clients as whistleblowers who alerted authorities as soon as
their father revealed the fraud to them. Neither son, nor
Madoff`s brother, was charged criminally, and authorities have
said no charges are imminent.

Bureau Report

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