October 31, 2014
Bernard Madoff's son Andrew dies at 48
Andrew Madoff, Bernard Madoff's son, has died after a long battle with cancer, his attorney Martin Flumenbaum confirmed.
Andrew was 48 years old. Flumenbaum said he died "died peacefully" at Sloan Kettering Cancer Center and was surrounded by family.
Bernard Madoff had another son, Mark, who committed suicide back in 2010.
Bernard Madoff is serving a 150-year prison sentence after confessing to running a decades-long Ponzi scheme that bilked investors out of billions, considered the biggest financial fraud in history.
The Madoff sons and other family members had worked for Bernard L. Madoff Investment Securities LLC, which crumbled when the Ponzi scheme was revealed.
Defrauded Madoff investors have long viewed the convicted swindler's sons, wife and other family members suspiciously, arguing it is unfathomable that they did not know about Bernard Madoff's lies. No family members have been criminally charged and they reject accusations that they were aware of the fraud.