Madoff widow writes about life inside Bernie Madoff's family – before and after the scandal(Read article summary)
Stephanie Madoff Mack, the first member of the family to speak publicly, writes about the day Bernie Madoff told his family about his Ponzi scheme and how she severed ties with her mother-in-law.
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Stephanie Madoff Mack, widow of Bernie Madoff’s son Mark, became the first member of the Madoff family member to speak publicly when her autobiography, “The End of Normal,” was released on Thursday.
The book details Mack's experiences with the Madoff family before the scandal broke; her falling-out with her father- and mother-in-law; and her experience during and after her husband’s suicide, which occurred two years after Bernie Madoff’s arrest. In the book, Mack says that her husband was not involved in his father’s schemes and that he was a “hero” for turning his father in to the authorities. Mark Madoff, his brother Andrew, and their uncle have been scrutinized by the FBI and a bank-appointed trustee who worked to regain money for victims of Bernie Madoff’s Ponzi scheme, but none of the three have been charged.
Mack, who changed her name because of the impact of the scandal, appeared on “20/20” and said that if she saw her father-in-law today, she would spit in his face.
“I hold him fully responsible for killing my husband,” Mack said.
Mack’s book discusses the day in the winter of 2008 when Bernie Madoff sat down with his family and told them about his Ponzi scheme and its results, which at that time included $50 billion in debts.
“It’s all one big lie,” Bernie Madoff said, according to Mack.
“Bernie betrayed no emotion or remorse, calmly delivering his bombshell with the cool demeanor of an anchorman reading a wire report on the evenng news,” Mack writes. “When he was done, he began to cry.” Mack’s husband Mark and his brother Andy stormed out, Mack says, and then turned their father in.
“That my husband might somehow have been involved in Bernie’s criminal operation never once crossed my mind,” Mack writes.
Mack’s book includes text messages sent by Bernie Madoff to his son Mark as well as messages and e-mails sent between herself and Mark.