Bernie Madoff's son Mark Madoff committed suicide this past Saturday. When the Wire reported response to the story earlier this week, much was mere speculation. Now, though, The New York Times' Diana B. Henriques and Peter Lattman have pieced together the story:
In the two years after his father was arrested, Mark Madoff tried to put his life back together. Though he wasn't a target of a criminal investigation into Bernie Madoff's Ponzi scheme, the younger Madoff's name was so toxic that not only would no one would give him a job on Wall Street. His wife filed to change her last name--and that of the couple's two sons--to Morgan. Still, Madoff rose at 4 a.m. to work on a real estate newsletter he'd founded. On the second anniversary of his father's arrest, Madoff decided he couldn't fight any longer, and killed himself.
One of Mark Madoff's lifelong friends explained to the Times that "the pressure of the last two years weighed on him enormously ... He was deeply, deeply angry at what his father had done to him--to everybody. That anger just seemed to feed on itself." The Times team reports, too, that "the burden had eased as the public's fierce interest in the case seemed to fade, this person said. But the spate of lawsuits filed last week by the Madoff trustee included a troubling one against his children." Worse, all potential allies were "muzzled" by their lawyers, so they couldn't defend Madoff in public.