Saturday, December 11, 2010

Madoff Dead

NEW YORK - Mark Madoff son of legendary Wall Street trader Bernie Madoff was found dead today. Bernie Madoff was known as one of the kings of Wall Street who helped for the Nasdaq traded system and was the largest fraudster's in American history. Madoff crafted a Ponzi scheme which financed a luxurious life for himself on the backs of otherrs.

His son Mark Madoff was the head Charadester of the Madoff firm. The suicide is interesting because it happened on the second anniversary of his fathers arrest. How bad was it actually for the son? Did he deliberately hold off his suicide so he could do it on the same day as his dad's arrest. Or did it just spontaneously happen.

The fact Mark Madoff committed suicide on the anniversary, the one day of the year his father is relevant shows he wanted the attention and fanfare to go with his suicide.

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