Madoff son's suicide followed battle with trustee
Legal News Center
For two years, the two sons of jailed financier Bernard Madoff portrayed themselves as honest whistleblowers of their father's historic fraud. A court-appointed trustee depicted them as bungling money managers who did nothing to protect investors.
The suicide of Mark Madoff leaves unanswered questions for investors seeking payback for the billions of dollars his father siphoned — and for criminal investigators who continued to pursue charging Madoff's family for knowing participation in the fraud.
The 46-year-old Madoff — Bernard Madoff's eldest son — hanged himself Saturday by a dog leash on a metal ceiling beam in his Manhattan loft apartment, his 2-year-old son asleep in another room. The death was officially ruled a suicide by hanging Sunday by the city medical examiner.
He died on the anniversary of his father's arrest two years ago in the largest Ponzi scheme ever recorded. It followed the filing in recent weeks of dozens of lawsuits by trustee Irving Picard as he pursued billions of dollars in damages against those who profited from the multi-decade fraud.
Increasingly, Picard has stepped up his language in lawsuits against those who knew Madoff well, describing an Austrian banker accused in a lawsuit Friday of being Madoff's "criminal soul mate" in her efforts on behalf of Madoff's fraud.
Last Wednesday, he included the brothers as defendants in an $80 million lawsuit he brought against the London-based international arm of Madoff's business, saying the overseas operation was used to siphon off money from the fraud for the Madoff family.
Related listings
-
U.S. judge rejects part of new healthcare law
Legal News Center 12/13/2010The ruling in Virginia strikes the most serious legal blow yet to the Obama-backed law requiring Americans to get health insurance.A federal judge in Virginia on Monday rejected part of the new healthcare law, becoming the first court to rule that Co...
-
Producer charged in wife's death due back in court
Legal News Center 12/07/2010A reality TV producer charged with killing his wife in Mexico is due back in Los Angeles court Tuesday afternoon to argue that his detention is unconstitutional.Attorneys for Bruce Beresford-Redman claim the federal prosecutors haven't properly demon...
-
French court: Continental guilty in Concorde crash
Legal News Center 12/06/2010A French court today convicted Continental Airlines and one of its mechanics for on involuntary manslaughter charges related to the 2000 crash of an Air France Concorde jet, The Associated Press reports.The court ordered Continental to pay Air France...
Is Now the Time to Really Call a Special Education Lawyer?
IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child.
Forte Law Group is one of only a very few law firms within the state of Connecticut that is dedicated to exclusively representing families and children with special needs.
Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.