My guess is that the whole family was in on it and things were going just peachy until the recession kicked the crap out of the scam. Old Man Madoff decided to take the fall on his own because he doesn't have that much time left anyway. His boys get away scott free having turned in dad to take the fall for all their crimes.
/adjusts tinfoil/
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Getting knocked down is no sin, it's not getting back up that's the sin
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