Attorney: Bernard Madoff will not attend son's funeral

By the CNN Wire

December 14, 2010 -- Updated 1139 GMT (1939 HKT)

New York (CNN) - Convicted Ponzi schemer Bernard Madoff will not attend the funeral of his son, Mark, out of consideration for her daughter and grandchildren, the lawyer Ira Sorkin, said.

Mark Madoff body was discovered hanging from a ceiling pipe, in his Manhattan apartment on Saturday, two years after the day that his father was arrested for swindling $ 50 billion to investors in the biggest Ponzi scheme in U.S. history.

The death of the young Madoff was ruled a suicide by the Office of New York medical examiner after an autopsy on Sunday, the spokeswoman Ellen Borakove said.

"He will be holding a private service in his own where he is currently incarcerated," said Sorkin.

Madoff, 71, is at the Butner Federal Correction Complex, a medium security prison in eastern North Carolina, where he is serving a sentence of 150 years.

2009: Madoff sentenced to 150 years

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• Bernard Madoff
• Ira Sorkin
• Corporate Crime

Reports from various media on Monday Madoff not seek to participate in her son's funeral - the prison rules prohibit inmates with more than two years remaining in their terms of imprisonment for clearances.

Madoff harm to investors out of their money, which appears as the head of a legitimate business investment, without the use of funds from new investors to send their payments to earlier investors, falsely portraying them as revenue when they were actually stolen money, said promoters.

Madoff criminal activities generated a wave of civil lawsuits against Mark Madoff, his mother, brothers and hundreds of other defendants accused of profiting from the Ponzi scheme, taking more money from the fund Madoff they invested money they supposedly thought it was investment income.

A person familiar with the family, says Mark Madoff has not been in touch with his family during the past two years.

Irving Picard, the trustee in charge of recovering and distributing goods Madoff, filed a series of lawsuits in the U.S. Bankruptcy Court in Manhattan last week on behalf of some victims of Madoff.

A filed on December 8 named Mark Madoff - as did his brother Andrew and his uncle Peter Madoff Madoff - as one of several defendants in a civil action.