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On our last day in New York yesterday, we decided to go into Soho and Little Italy. We were walking down Mercer and came across this. They closed the street, but we were already there. We assumed it was a movie or TV show being shot, and when I asked someone what they were filming, she told me "Bernie Madoff's son killed himself and they are bringing out the body". Everyone was waiting with their cameras ready. New Yorkers love a tradgedy. Brings them together.

http://sharing.theflip.com/session/f7016772b175938c365adce59264b508/video/37967031

http://sharing.theflip.com/session/f7016772b175938c365adce59264b508/video/37966781

Comments
6

Looks like a bunch of humans masquerading as sheep.

Dec. 14, 2010

Very sad. If he didn't know about the scam, and there is no indication he did-it is even sadder.

Dec. 14, 2010

The brothers worked on the trading side of the business, but the general consensus is that they knew their father was going down and they would be going down with him. It's a really sad and extreme example of how destructive greed is. This family is in shambles.

Dec. 15, 2010

IF this family is shambles, THEN it is merely a reflection of the economic destruction one or more family members has caused throughout the world wherever there were Madoff investors and willing speculators waiting to become one.

The suicide was both an admission and an indictment of the vast majority of Wall Street movers and shakers, and it was intentionally timed this way. What was done by Bernard Madoff was simply more blatant and less technically clever than the derivatives and credit default swaps packaged and sold by AIG, Morgan Stanley, and the rest of the investment banking and insurance firms that nearly drove our economy into the dirt far more effectively than any al-Qaeda attack has threatened to do. Indeed, Osama bin Laden must be proud imagining that somebody had recruited Madoff as the perfect anti-Western sleeper cell.

The fact that this fraud was undetected by the trading-side sons for so long is an indictment of their own willingness to avoid the due diligence that should have exposed all of this and prevented the accumulated harm decades ago. NOBODY who was conveniently blind to the massively awful truth is clean in this family while EVERYBODY was still enjoying the fruits of the fraud, investors included. Having been a headquarters employee of RTC/FDIC in Washington during the 1990s S&L Crisis, I can say this doesn't indicate anything good about federal securities or banking regulators, either.

Dec. 15, 2010

that bastard Madoff really destabilized his whole family whether they had anything to do with it or not...so sad ... sociopathy at it's most extreme!!

and with a 2 year old in the next room....what will that poor child's emotional inheritance be??

i can't even image the unbelievable pain and humiliation and desperation that man felt to choose suicide as his final act of contrition for a situation his father created and he may not have even been involved in

Dec. 15, 2010

what an awful thing to happen to u on ur NY vacation hunnypants~~sniff~~

Dec. 15, 2010

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