Mark Madoff, Son of Imprisoned Money Manager Bernie Madoff, Found Dead in Apparent Suicide

Son of jailed Ponzi scheme Bernard Madoff, Mark Madoff, found hanging in living room of NYC apartment in apparent suicice.

BREAKING: Mark Madoff, son of disgraced financier Bernie Madoff, was found dead in apparent suicide. He was 46 and his death comes on the two-year anniversary of his father's arrest. According to media reports, Madoff's body was found in his New York City apartment by a family member at about 7:30 a.m. His body was found fully clothed and hanging in the living room, CNN said. The younger Madoff worked as a broker at this father's firm. Another shoe has dropped for this family as Trustee Irving Picard filed a $900 million lawsuit on Friday against the company's accountants Frank Avellino, Michael Bienes, their wives, son Thomas Avellino as well as other family members, for allegedly hiding Madoff's fraudulent activity.

That lawsuit came on the heels of another humongous filing -- $19.6 billion also filed by Trustee Irving Picard in U.S. Bankruptcy Court in New York against Sonja Kohn, principal shareholder of Bank Medici, along with Bank Austria and UniCredit, owners of a 25% share in Medici, and six members of Kohn's family, according to CNN. This mess went unchecked for far too long and has had far-reaching effects.