Andrew Madoff, son of Ponzi schemer Bernie Madoff

by | Sep 19, 2014 | Obituaries

Andrew Madoff, the younger son of jailed Ponzi schemer Bernie Madoff, died of cancer in New York.

Madoff died Wednesday, Sept. 3 at Memorial Sloan Kettering Cancer Center in Manhattan of mantle cell lymphoma, according to his lawyer. He was 48.

Both of Bernie Madoff’s sons have died since he was jailed in 2009 for an investment fraud scheme estimated at $16 billion. Mark Madoff committed suicide in 2010 at the age of 46.

The sons said they were kept in the dark about their father’s fraud, which caught in its net numerous Jewish institutions, nonprofit organizations and investors.

First arrested in December 2008, Bernie Madoff pleaded guilty to the massive fraud the following March and was sentenced to 150 years in prison. (JTA)