Categories: U.S. News

Andrew Madoff was under investigation until he died

Andrew Madoff, Bernard Madoff’s last surviving son, was under investigation for possible involvement in his father’s multibillion-dollar Ponzi scheme until the day he died from cancer earlier this month.

Andrew Madoff had long maintained that he and his brother, Mark, who hanged himself in 2010, knew nothing of the massive fraud.

Andrew Madoff was under investigation for possible involvement in his father’s Ponzi scheme until the day he died (photo The New York Times)

However, two federal law enforcement officials said investigators never believed the brothers were unaware of the fraud and both were under investigation until their deaths. They spoke to The Associated Press on condition of anonymity because they were not authorized to discuss the case.

Andrew Madoff left behind a $16 million estate. A court-appointed trustee is taking aim at that the sons’ money, filing a lawsuit this summer accusing them of using money from their father’s scheme as their “personal cookie jar”.

EtMTJYXHlDM
Nancy Clayson

Nancy is a young, full of life lady who joined the team shortly after the BelleNews site started to run. She is focused on bringing up to light all the latest news from the technology industry. In her opinion the hi-tech expresses the humanity intellectual level. Nancy is an active person; she enjoys sports and delights herself in doing gardening in her spare time, as well as reading, always searching for new topics for her articles.

Recent Posts

Spain: At Least 158 Killed In The Country’s Worst Flooding Disaster

At least 158 people have died in Spain's worst flooding disaster in generations. On October…

2 days ago

Russia Fines Google $20,000,000,000,000,000,000,000,000,000,000,000, Surpassing Global GDP

Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…

2 days ago

Financing Your Home Remodel: 7 Tips for Success

Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…

2 weeks ago

Donald Trump Serves Up McDonald’s Fries While Kamala Harris Celebrates 60th Birthday with Church Choir

The US presidential candidates continued to campaign across key swing states on October 20. Footage…

2 weeks ago

America PAC: Elon Musk Promises to Award $1M Each Day to Swing States Voters

Elon Musk has said he will give away $1 million a day to a registered…

2 weeks ago

Canada Expels 6 Indian Diplomats Amid Khalistan Row

India and Canada have decided to expel their top envoys along with other diplomats as…

3 weeks ago