Investing and Global Finance News

Madoff Sr. Will Not Attend His Son’s Funeral

Bernard Madoff, who is serving a 150-year prison sentence for his multi-billion dollar Ponzi scheme, will not attend the funeral of his son Mark. This is out of consideration for his son’s wife and children, according to attorney Ira Sorkin.

Mark Madoff committed suicide on Saturday, two years to the day after his father’s arrest for the largest Ponzi scheme in American history. The seventy-one-year-old senior Madoff, who is imprisoned at the Butner Federal Correction Complex in North Carolina, “will be conducting a private service on his own where he’s presently incarcerated,” Sorkin said.

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