The Madoffs have gone down in history as a single family that will be talked about in American business and society at large for a long time to come. They orchestrated one of the largest Ponzi schemes ever known in modern history. Bernard Madoff was the mastermind of it all, but unfortunately and as is common with financial crimes like this, the repercussions of his action took a toll on his family, directly leading to the death of one of his sons , Mark Madoff. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayMark is the eldest son of Bernie Madoff and Ruth Madoff, he was born on March 11, 1964 and has a younger brother who is also late, Andrew Madoff (1966-2014). Their father was a former stockbroker, financier and investment advisor, but is currently serving time in Butner federal prison in Durham, North Carolina, for fraud. Some reports claim he died in 2017 while serving his 150-year prison sentence, but several other reports indicate he is still alive. Bernard began running a stock brokerage firm in the 1960s, which became Bernard L. Madoff Investment Securities. At the time of its creation, the company had more than 4,800 customers. Mark Madoff and his brother Andrew worked in the company as stockbrokers. There is no record of Mark's childhood, such as what high school he attended, what sports he played, and all those things that generally paint a picture of his youth. However, we know for sure that he studied and graduated from the University of Michigan and began practicing as a licensed broker in his father's company in 1987. Working at Bernard L. Madoff Investment Securities, where money was hardly scarce, Mark Madoff lived a life that was only a dream for many Americans. According to reports, in the three months before the company's debacle, he used up to $77,000 to charter private jets as he traveled from hopscotch to hopscotch across the country. When he wasn't flying, Mark spent time with his $6. 5 million, a 3.3 acre retirement home in Nantucket or his farm in Tony Greenwich, Connecticut whenever he was on vacation. Indeed, Mark, like all members of his family, had everything they needed at their disposal, although the source of their wealth at the time was questionable. Over time, Bernard, who was also a former chairman of NASDAQ, knew that would not be the case. Before the fraud in his company was discovered, he revealed to his sons Andrew and Mark Madoff in December 2008 that the wealth management arm of Bernard L. Madoff Investment Securities LLC was a large Ponzi scheme (these are not his exact words). Distraught by the revelation their father had made to them, the Madoff brothers reported to the authorities who quickly took action and this marked the end of the gigantic Bernard L. Madoff Investment Securities. Mark Madoff was married to Stephanie Madoff Mack from 2004 until 2010, when she died. They were both parents of 4 children, 2 from his previous relationship and 2 others they had together. From his previous relationship, he had Daniel and Audrey Madoff while with Stephanie they had Kate and Nicholas Madoff who were 4 and 2 years old respectively at the time he grew tired of the many troubles in his life. Considering the circumstances that led to Mark's death and the serious financial difficulties that his family, his wife and all other wives and ex-wives still find themselves in.