UPDATE 1-Bernard Madoff son dead in apparent suicide-police

(Adds details, background)

NEW YORK, Dec 11 (BestGrowthStock) – Mark Madoff, the elder son of
convicted swindler Bernard Madoff, was found hanged in his New
York City apartment in an apparent suicide, police said on

“He was found hanged in his apartment. It was an apparent
suicide,” New York City police spokesman Paul Browne said.

Mark Madoff, 46, was found dead on the two-year anniversary
of the arrest of his father. Bernard Madoff is now serving a
150-year prison sentence after confessing to running a
decades-long Ponzi scheme that bilked investors out of

Mark Madoff and his brother Andrew Madoff both had worked
for their father’s financial firm, Bernard L. Madoff Investment
Securities LLC. They and other family members have been sued by
a court-appointed trustee who is trying to recover money for
defrauded investors.

Madoff family members have dismissed the allegations as
baseless and said they were unaware of the fraud. None has been
charged with any criminal wrongdoing.

The Wall Street Journal reported in February that the sons
and brother of Bernard Madoff were the subject of criminal
tax-fraud cases by federal prosecutors in Manhattan. No charges
have been brought.
(Reporting by Dan Trotta and Martha Graybow; Editing by Jackie

UPDATE 1-Bernard Madoff son dead in apparent suicide-police