A retired British army major killed himself after losing his life savings in the alleged fraud perpetrated by U.S. financier Bernard Madoff, his son said Friday.

Willard Foxton told The Associated Press that, at first, he felt so angry after his father William Foxton’s death he wanted to attend Madoff’s possible trial in the United States to fling the veteran’s medals in his face. Now he just wants Madoff to know what happened to his father.

“I’m sure Mr. Madoff thinks it was just a con got out of hand. He thinks it’s all about money — I’m sure that’s what he feels,” Foxton said in a telephone interview. “I want him to see that people have died as a result of what he’s done.”

Sadly, it wasn’t defending his country that killed Mr. Willard, it was the sickening greed of Bernie Madoff.

Here is a history of the bungled SEC investigations into Madoff’s Ponzi scheme.  One reason the SEC never successfully figured out the Madoff crimes?  Perhaps they were socializing with the Madoffs?  Or were intimidated by Ruth and Bernie’s apparent success?

Meanwhile, (suspiciously??)

Ruth Madoff Withdrew $15.5 Million Prior to Husband’s Arrest

A photograph of Ruth and Bernard Madoff appeared in the catalog of the 50-year reunion of the 1958 class of Far Rockaway High School

Daniel Acker / Bloomberg / Landov

Big question:  Why isn’t Madoff offing himself?

Because the same factor that got him into this epic fraud is the same one that is keeping him alive: hubris and narcissism.  He won’t kill himself, because he loves himself too much.  His greed affects everyone but him, since he still gets to live in his luxurious New York City home!  He is negotiating to save his family from being included in criminal charges.  He has no sense of the crippling life-altering pain he has caused his investors.

Here is his Palm Beach home:

Here is the mailbox to his French Riviera apartment:

Here he is, accused of mailing $1 million worth of jewelry to family and friends before his arrest.

Meanwhile, victims like William Foxton feel so afraid of their own new-found poverty that that they kill themselves.

Here’s another way to look at it, if you are suffering in this terrible economic time:

• You are experiencing EPIC world-chaging contractions.
• Its not just YOU, you are one of too many to count.
• You’re not stupid, you’ve been entrapped by a criminal mastermind
• Everyone else is feeling some aspect of what you are feeling.
• Do NOT take your own life, its not worth it, your family and loved ones want you here.
• Instead, stand tall, voice your anger on the internet, become part of the angry mob that puts this man and all of his accomplices away for the rest of his life.
• Find a way to help investors get back the $15 million that his wife withdrew
• Find ways to band together with others who have suffered what you are suffering.

This is a chance to re-shape how we view profit and responsibility.  This retired British army major should not only have suicide as an option, especially when his abuser, Bernie Madoff, is too much of a preening peacock

to off himself after the damage he’s done.

Related Posts

• Feds are worried Mrs. Bernie (Ruth) Madoff will make off with $93 million
• Poor Mrs. Madoff had to pay for security for her felon husband. Um, where did she get the dough to pay security?