Free Republic

Andrew H. Madoff, who reported to authorities that his father and longtime Wall Street colleague, Bernard L. Madoff, had masterminded perhaps the largest Ponzi scheme in history, a multi-billion-dollar crime that Andrew described as a “father-son betrayal of biblical proportions,” died Sept. 3 at a hospital in New York City. He was 48. His lawyer, Martin Flumenbaum, told the Associated Press that the cause was mantle cell lymphoma. Mr. Madoff was diagnosed in 2003 with lymphoma and suffered a relapse a decade later. Mr. Madoff was the only surviving child of “Bernie” Madoff, a once-revered financier who is now serving...

Madoff's offspring were long aware of their dad's crooked ways and helped perpetuate his $65B fraud........ former traders Reed Abend and Richard Stahl made the explosive claims in suits against Andrew and Mark Madoff.........claiming the sons lied after a 2001 Barrons article questioned the consistently positive returns......the brothers stated falsely that Madoff's investment advisory was completely legit. It is clear that they had long known that their father's investment advisory business was an illegal enterprise, and that criminal conduct threatened the trading business and its employees, the suits allege......this marks Round 2 with Andrew Madoff, with whom Abend exchanged insults...

For years the London operation for Bernard Madoff's firm was a little-known outpost of his New York trading group. Now, authorities said it played a role in how Mr. Madoff carried out his alleged fraud. The development, disclosed in the government's criminal charges against Mr. Madoff on Tuesday, draws a more-direct connection between the alleged fraud and the trading operation in London, where directors and shareholders included family members and associates of Mr. Madoff.Mr. Madoff, the government alleges, used the London operation to launder client money. He carried out the alleged fraud by transferring client money from the investment-advisory business...