Tuesday, 30 September 2014
Last updated 3 hours ago
Oct 27 2011 | 6:45am ET
Two weeks after his arrest for masterminding the largest Ponzi scheme in history, Bernard Madoff and his wife attempted to kill themselves.
The revelation comes in a "60 Minutes" interview with Madoff's wife, Ruth, almost three years after Madoff's Dec. 11, 2008, arrest, and almost one year after their eldest son, Mark, succeeded where they failed, hanging himself in his New York apartment on the two-year anniversary of his father's arrest.
"I don't know whose idea it was, but we decided to kill ourselves because it was so horrendous what was happening," Ruth Madoff said.
"We had terrible phone calls," she added. "Hate mail, just beyond anything and I said… 'I just can't go on anymore.'"
The couple put together a package of some items, including jewelry, and mailed it to their younger son, Andrew, in defiance of a court order. Three years later, "she told me that she and my father had planned to kill themselves," Andrew told "60 Minutes." "They put that package together beforehand and sent it out."
On Christmas Eve 2008, the Madoffs then took Ambien sleeping pills—as well as, possibly, Klonopin anti-anxiety medicine.
"We took the pills and woke up the next day," Ruth Madoff said. "It was very impulsive and I am glad we woke up."
Three months later, Madoff pleaded guilty to running the $65 billion scam. He was sentenced to 150 years in prison.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...