In 2008, Mark Madoff and his brother Andrew exposed the multi-billion dollar Ponzi scheme committed by their father Bernie. They confronted their father over his plans to distribute hundreds of millions of dollars in bonuses to employees months ahead of schedule. Bernie then confessed to them that his business was a long-running Ponzi scheme that was collapsing under the global financial crisis. While no criminal charges were filed against Mark Madoff, the scandal and its aftermath proved devastating to his personal and professional life. On December 11, 2010, Mark Madoff committed suicide on the second anniversary of his father’s arrest.
