Image: Mark Madoff found dead in New York
Justin Lane  /  EPA
Representatives from the New York City Medical Examiner's office remove the body of Mark Madoff, the son of convicted Ponzi scheme mastermind Bernie Madoff, from the building in the Soho neighborhood of New York where he was found dead of an apparent suicide. news services
updated 12/13/2010 4:29:40 PM ET 2010-12-13T21:29:40

Convicted Ponzi-schemer Bernard Madoff won’t attend his son Mark’s funeral, according to CNBC.

Madoff’s eldest son Mark hanged himself Saturday by a dog leash on a metal ceiling beam in his Manhattan loft apartment. The death was officially ruled a suicide by hanging Sunday by the city medical examiner.

Madoff will not travel to the funeral, but instead will hold a private ceremony at the medium-security Butner Federal Correctional Institution in North Carolina where he is serving a 150-year sentence. His decision not to attend is to protect his family’s privacy, Ira Lee Sorkin, Madoff’s attorney, told CNBC.

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“He will not be attending the funeral service out of consideration of his daughters-in-law and grandchildren’s privacy,” Sorkin said in a statement. “He will conduct a private service on his own where he is currently residing.”

The 46-year-old Mark Madoff died on the anniversary of his father's arrest two years ago in the largest pyramid scheme ever recorded. It followed the filing in recent weeks of dozens of lawsuits by trustee Irving Picard as he pursued billions of dollars in damages against those who profited from the multi-decade fraud.

Earlier, news reports said it is unlikely that Madoff would be allowed to attend his son’s funeral.

A report in The New York Post pointed out that the rules of the prison where Madoff is interned note that supervised furloughs to attend funerals of “immediate family members” are available only to inmates with two years or less pending on their prison terms.

The Inmate Handbook at the Butner Federal Correctional Institution states that “furloughs are a privilege, not a right, and are only granted when clearly in the public interest.”

A white-collar felon typically can receive an emergency furlough to attend a funeral, but the Madoff case “is a whole different ballgame,” Ed Bales, managing director of Federal Prisons Consultants, told the Post.

Story: Madoff son's suicide follows battle with trustee

“I would question whether they’d grant him a furlough because of heightened publicity,” Bales told the newspaper. “He could be a target. He could be shot.”

WNBC reported Monday that Mark Madoff’s body is still sitting in a New York City morgue, two days after he committed suicide. No family member has yet claimed the body and no funeral arrangements have been announced, sources told NBCNewYork.

The Associated Press contributed to this report.

Video: Madoff son commits suicide

  1. Closed captioning of: Madoff son commits suicide

    >> bernie madoff saga, the death of his oldest son mark has now been ruled a suicide by the new york medical familiar never's office. this as his father serves a 156-year sentence in prison.

    >> reporter: as you mentioned, those official autopsy results are in this morning as expected. mark madoff's official cause of death is suicide by hanging. if he was trying to send a message here, he sure did it, taking his own life on the exact two-year anniversary of his father bernie madoff's arrest. we're getting our first look inside where it happened. with a fishing business and multiple mansions, mark madoff's charmed life came crashing down after the scandal and came to a shocking end on friday morning. this morning the "new york post" published an exclusive look inside.

    >> mark madoff was found hanging from a pipe in the living room of the apartment.

    >> reporter: sources say mark madoff was visibly depressed. just says ago he was sueded yet again, this time even his wife and young kids were named. friday afternoon, he stopped by the parking garage, gave the attendant his car and a $400 tip and said goodbye. though mark has never been criminally charges, there are rumblings he could be soon. in fact "the wall street journal " posted this. i love you, send someone to take care of nick, their son. to his lawyer, no one wants to hear the truth, take care of my family.

    >> he was a pariah, his friends had lost their life savings, they turned on him. he was fays a lifetime of misery.

    >> reporter: mark and his younger brother andrew turned their father in when they confessed to him in 2008 , they haven't spoken to their dad or their mother ruth since. bernie madoff was informed of his son's suicide from behind bars. no word on his reaction nor if he asked to attend the funeral.

    >> the security level that he's in, he has to get approval by the u.s. attorney 's office. it's going to be a challenge for him.

    >> reporter: mark madoff has denied any knowledge or involvement in his father's ponzi scheme , not everyone believes it. but even bernie madoff's angriest victims are sadden i by this twist.

    >> i'm very, very sorry his for wife and his children and my heart goes out to them. anybody who feels that that's their only way out, i think it's extremely sad.

    >> reporter: yesterday a madoff relative identified the body here in manhattan. now the family will start planning the funeral. ruth madoff who reportedly now lives in florida is said to be heart broken by her son's suicide and at least one published story out this morning, she blames her husband bernie for all of it.

Vote: Vote: Should Madoff be allowed to attend his son’s funeral?

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