Mark Madoff's Suicide Won't Stop Lawsuits Aimed At Recovering Millions
"The litigation will take its course and the death of Mark Madoff will not impact that fact," court-appointed lawyer David Sheehan tells The Wall Street Journal of the lawsuits seeking to reclaim some of the billions of dollars that Bernard Madoff, Mark Madoff's father, stole from unsuspecting investors.
Mark Madoff, 46, was found dead in his New York City apartment on Saturday. The coroner's office says he committed suicide by hanging himself. His death came two years to the day after his father's arrest, and on the day of a Journal story headlined "Life After Madoff's 'Big Lie' " that detailed how suits had been filed against many of Bernard Madoff's family and associates -- including the young children of Mark and his brother Andrew -- "alleging that Ruth and Bernard Madoff transferred funds to them."
Mark and Andrew Madoff had not been charged with any crimes. They alerted authorities to what their father was doing after he reportedly confessed to them.
Bernard Madoff is now serving a 150-year prison sentence. Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.