Mark Madoff (son of Bernie) committs suicide. Possible bullying?

User offline. Last seen 12 years 34 weeks ago.
Jackie Fiest
Number 727
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Conspirator for: 14 years 11 weeks
Posted on: December 12, 2010 - 5:08pm

http://blogs.forbes.com/carolinehoward/2010/12/12/mark-madoff-suicide-bu...

 

"Mark Madoff, along with his brother Andrew, was never criminally charged, said he never knew of their father's crimes, was not facing imminent arrest and hadn't spoken to investigators in over a year. The brothers were, however, still under investigation and named in multiple lawsuits accusing them of negligence, breach of fiduciary duty and profiting from the scheme to the tune of millions.

All that is based on the fact that Mark and Andrew were employees of Bernard L. Madoff Investment Securities LLC, though they worked in the trading section, allegedly separate from the fraudulent investment management and advisory divisions. They maintained they did not know about their father's actions and were the ones who went to the authorities on December 10, 2008, with the news that their father had confessed his crimes to them, quoting him as describing it as 'one big lie.'"

While I have nothing but sympathy for those affected by Madoff, if this man was bullied for things he didn't do, this is sick. Sins of the father should never cost anyone else their life, I don't care who it is. He hadn't spoken to investigatos in over a year and was the one who turned his father in ffs! If he stood to profit from this, I doubt that would have happened. Another life taken over money. Rediculous.

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Jackie Fiest

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User offline. Last seen 12 years 45 weeks ago.
Weedwacker
Number 746
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Conspirator for: 13 years 52 weeks
Posted on: December 12, 2010 - 6:23pm #1

Looks like he had a two year old son too.  I guess if there's one thing human events point out, it's that trangressions from sound principle, desperate irrational grabs at happiness, always come back around to destroy human happiness.  I like to steer around casting any blame on money.  It's a mere inanimate object for exchange.  I would think to hoard it at the expense of others stems from an injured mind, not so much from the bling bling itself.  The system that tried to teach me as a child that money is the root of all evil, was the system which arose from those who wanted willingness from the people to yield up their money without moral objection. 

I wonder how common this sort of fraud would be in a world where enforcement, justice, transparency, and accountability, were all attended to and tracked at a profit by the sharpest most efficacious minds in the free market?  As it stands now, we just sort of sit back and entrust that our cash will be protected in these matters by a self-interested bureacratic monopoly with it's mountain of worthless paper edicts.  The worst possible service at the highest possible price is a bitch.   

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