Tuesday, December 21, 2010

Financial crimes can equal murder

See all Bernie Madoff posts.

Madoff Investor’s Suicide Leaves Questions
New York Times
January 1, 2009

In the days after Bernard L. Madoff was arrested and accused of orchestrating a $50 billion Ponzi scheme, one of his investors — Rene-Thierry Magon de la Villehuchet — struggled with his role in the fraud.

Mr. de la Villehuchet, a French aristocrat and professional investor who lived in the New York suburbs, had put at least $1.4 billion of his and his clients’ money with Mr. Madoff. He had lost his entire savings. He was overwhelmed and depressed, according to people who had spoken to him.

Worse, he felt personally responsible for the money his investors had lost, his brother Bertrand said in a phone interview in Paris this week...

Ruth Madoff Reportedly Blames Bernie For Son's Suicide

Dec. 14, 2010

...Ruth Madoff is reportedly blaming her husband, Bernie, for their son Mark's suicide.

Here's what Madoff biographer Jerry Oppenheimer had to say about it on The Today Show:

"She claims that Bernie Madoff has blood on his hands. She calls him an SOB … that he's totally ruined his family, and the death of their son was the final straw."

Oppenheimer has also said that Ruth feels that Mark "would not have died if it weren't for what [Bernie] had done."

And more from Oppenheimer:

"Her wrath is aimed at her husband." ...

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