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.
[i] Mr Madoff, 70, is under penthouse arrest [/i]
Nice line.
He belongs in the County Jail!
Makin’ little ones outta big ones, as it was put in more serious-minded times.