Bernard Madoff's son dies of cancer

By By Aaron Smith
Published On: Sep 03 2014 12:00:02 PM EDT
Updated On: Sep 03 2014 12:21:08 PM EDT

Shannon Stapleton/Reuters

NEW YORK (CNNMoney) -

Ponzi scheme mastermind Bernard Madoff 's sole surviving son has died of cancer.

Andrew Madoff died Wednesday of mantle cell lymphoma at the Sloan Kettering Center in New York, according to attorney Martin Flumenbaum. He was 48.

Bernard Madoff is serving a 150-year sentence at a federal prison in North Carolina for swindling about $20 billion from investors over the course of about two decades.

Madoff's older son, Mark, committed suicide on Dec. 11, 2010, the second anniversary of his father's arrest.

Irving Picard, the court-appointed trustee in the recovery of Madoff's stolen assets, had sued the sons and other family members for more than $200 million.

Picard's firm released a statement that he and his legal team "were very sorry to learn of Andrew Madoff's death and they extend their sympathies to his family."

Comments

The views expressed below are not those of News4Jax or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus