By Steve Rhodes
It’s been nearly three years since Bernard Madoff confessed to running a $65 billion Ponzi scheme – the largest financial fraud in history,” 60 Minutes reported Sunday night. “Thousands of trusting clients who felt safe investing with a financial genius were swindled. He hadn’t invested a penny.
While Madoff is serving 150 years in prison, his family has had to deal with the consequences of his crimes. His wife Ruth, divested of most of her great wealth – and derided by a suspicious world. Their son Mark – dead. Driven to suicide by shame and accusations of guilt. Their other son Andrew isolated – trying to live with the disgrace.
Are they innocent or were they willing partners? For the first time since Bernie Madoff’s arrest, his son Andrew and wife Ruth speak out about crime, punishment and the shame of being a Madoff.
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Madoff’s ties to Chicago go back a long way; as far back as 1990 the Sun-Times ran a story with the headline “Midwest Mad At New Yorker Madoff.”
Which was nothing compared to the Lake Forest millionaire who said “I hope they burn him” after his scheme was exposed.
Let’s take a look.
Posted on October 30, 2011