When the news of Bernard Madoff 's Ponzi scheme broke, Americans were shocked and outraged, perhaps none more so than the unsuspecting members of his own family. After learning that their father's legendarily successful wealth management company was "all just one big lie," Mark and Andrew Madoff turned their father in and cut off all communication with both parents. Mark and his wife, Stephanie, strove to make a fresh start for the sake of their two young children, but Mark could not overcome his sense of betrayal and shame-he and other family members were sued for $200 million in October of 2009. He hung himself on the two-year anniversary of his father's arrest. Left to raise her children as a single mother, Stephanie wrote this memoir to give them a sense of who their father really was, defend his innocence, and put her personal statement on record once and for all. In this candid insider account, she talks about her idyllic wedding to Mark on Nantucket, what it was really like to be a part of the Madoff family, the build-up to Bernard's confession, and the media frenzy that followed. It is about the loss of the fairytale life she knew, adjusting to life with a man she hardly recognized anymore, and the tragic and final loss of her husband.The 20/20 video is available here. The book is available here from Amazon. The Sentencing Law and Policy Blog has a post regarding the above interview as well, available here.
Bernie Madoff's wife, Ruth Madoff, and son, Andrew Madoff, recently gave their own interview to 60 Minutes. That interview can be found here.
Finally, Bernie Madoff gave his own recent interview to Barbara Walters for an ABC News Barbara Walter's Exclusive. Though Walters was not allowed to bring a tape recorder or video camera to her interview, she discussed Madoff's answers here. At the same link, one can also learn about the process of conducting the interview. Walter's writes,
We went through two more gated rooms -- each time a door swung closed behind us, another door swung open in front of us. Finally we were led to a corridor with columns on one side that open to a courtyard in the middle of the complex. The courtyard had beautifully manicured gardens, which we learned were courtesy of the prisoners who maintain the grounds.One can also read more about Madoff's answers to Walter's questions here.
We were ushered into the private Assistant Warden's Conference Room. There were two long tables with about 10 chairs at each table. Walls are cinderblock painted white, with Inspirational "TEAM" posters on the wall and a computer in the corner. I was briefed about my visit and the prison rules, and then 10 minutes later Madoff was brought in by the assistant warden.
Madoff was wearing the standard prison uniform. Khaki pants, khaki short-sleeved shirt with white buttons, non-descript black sneakers with Velcro closures. He has gray hair and wears brownish wire-rimmed glasses, with bifocal lenses. He has an occasional tick (blinking of the eyes) which gets worse when he is discussing difficult matters. I was allowed to shake hands with him, then we sat down to talk.
Finally, I sat face to face with inmate #61727-054, the man many consider a monster.
Convicted Ponzi schemer Bernard Madoff was forced to "let ... go" of his wife almost a year ago and is wracked by "horrible nightmares" as he sits in a North Carolina prison, he told ABC News' Barbara Walters in an exclusive interview.
Though he "can live with" the anger of people he defrauded out of billions of dollars and he is adjusting to the rhythms of life in prison, even at 73 years old, he is troubled by anger and turmoil within his own family.
"Not seeing my family and knowing they hate me" is the worst thing about being in prison, he said. "I betrayed them."
Asked what he'd like to say to his grandchildren, he said, without apparent emotion, "I am sorry to have caused them pain."