Bernard Madoff has ‘blood on his hands’ over William Foxton suicide

Posted by Kendall Harmon

Bernard Madoff, the disgraced financier accused of the biggest fraud in corporate history, was accused of having ‘blood on his hands’ after a former soldier killed himself over the loss of his family’s life savings.

The son of William Foxton, 65, said his father was so distraught after losing his family’s entire savings in the alleged Ponzi scheme that he shot himself in a park in Southampton on Tuesday with a handgun.

Mr Madoff, 70, is under penthouse arrest and 24-hour surveillance after being arrested on December 11. He was accused of one count of securities fraud after authorities said he admitted to running a scheme over many years with losses of $50 billion.

Read it all.

Filed under: * Economics, PoliticsEconomyStock MarketBernard Madoff Scandal

3 Comments
Posted February 13, 2009 at 7:22 am [Printer Friendly] [Print w/ comments]



1. Irenaeus wrote:

Mr Madoff, 70, is under penthouse arrest

Nice line.

February 13, 8:28 am | [comment link]
2. Cennydd wrote:

He belongs in the County Jail!

February 13, 12:36 pm | [comment link]
3. Jeffersonian wrote:

Makin’ little ones outta big ones, as it was put in more serious-minded times.

February 13, 5:19 pm | [comment link]
Registered members must log in to comment.




Next entry (above): ENS: In England, Anglican covenant debate reveals mixed expectations

Previous entry (below): (London) Times: Anglicans called on to convert non-Christian believers

Return to blog homepage

Return to Mobile view (headlines)