While many lost their fortunes thanks to Bernie Madoff -- the man who orchestrated the largest financial fraud scam in U.S. history – Stephanie Madoff Mack  lost her husband. Now, the widow of Mark Madoff, Bernie Madoff's oldest  son, is the first inside member of the Madoff family to speak out,  divulging the story of the death that she says can be traced directly to  Bernie Madoff's unbelievable deception. 
In a searing and emotional interview to be broadcast Friday on "20/20,"  Mack details how a privileged life in one of the richest families in  America turned into a living nightmare after Madoff's Ponzi scheme was  uncovered. Mack says the ordeal led Mark Madoff to commit suicide last  December, on the two-year anniversary of his father's arrest. Mark had  first attempted suicide in 2009, Stephanie reveals for the first time. 
"He couldn't get out, he was so betrayed and so hurt by Bernie," she said. 
"I hate Bernie Madoff," Stephanie said. "If I saw Bernie Madoff right  now, I would tell him that I hold him fully responsible for killing my  husband, and I'd spit in his face." Mack has written a book on her life as a Madoff, "The End of Normal: A Wife's Anguish, A Widow's New Life," scheduled for release tomorrow by Blue Rider Press.
Stephanie, then 30, married Mark Madoff, the handsome and wealthy 40-year-old divorced father of two, in October, 2004. In attendance at their Nantucket Island wedding were many investors in Bernie Madoff's fraudulent hedge fund.
"He stood there in the corner at my wedding watching everyone dance, and  he knew that everyone in that room was going to get screwed," said  Mack. 
The couple went on to have two children -- a daughter, Audrey, and a son, Nick. 
For Mack, marrying into the Madoff clan meant entry to the world of the  super rich. Mark and his brother Andrew headed up a highly successful  stock trading operation; just two floors up in the same office building,  their father Bernie ran his now-notorious investment fund. He and his  wife Ruth lived a high-flying lifestyle with homes in New York City,  Montauk, Palm Beach and the south of France. 
But in December of 2008, the good times came crashing down for the  Madoff family. Mark and Andrew turned in their own father after he  confessed to them that his $65 billion investment fund was actually a  Ponzi scheme and that the double-digit returns clients had received year  after year were bogus – in fact, Bernie hadn't made a single trade in  decades. Mack said that decision came at a heavy cost to her husband, who had loved and admired his father. 
"He was in pure shock, and you could see the betrayal on his face, and  in his body," said Mack. "And he was enraged, as well. Furious that his  father could've done this and, you know, destroyed so many lives, and  destroyed his." 
Even though he had blown the whistle on his father, Mark Madoff was  targeted by angry investors and sued for $65 million he had received  from Bernie over his lifetime. His assets were frozen and he and  Stephanie were put on a monthly allowance by the bankruptcy court.  Accusations were also leveled that Mark and other family members were in  on Bernie Madoff's criminal enterprise. 
"We were being treated as if we had done something wrong. And we had  done nothing wrong," said Mack. "We felt as if our life had been taken  away from us and we kept looking for the nightmare to end." 
Mack said the unrelenting scrutiny from the public and media drove her  emotionally sensitive husband into a deep depression. He took pills to  combat anxiety and insomnia, and became obsessed with every detail of  the Madoff scandal.

 
 
 
 
 
 10/20/2011 07:41:00 AM
10/20/2011 07:41:00 AM
 live news
live news
 















0 commentaires:
Post a Comment