As Bernie Madoff sits in jail for his billion dollar Ponzi scheme his daughter-in-law is trying her best to erase everything about him from her young family’s minds.

Stephanie Madoff, 37, was the wife of Bernie’s son Mark before he committed suicide in December 2010. In a new interview with Harper's Bazaar magazine, she says after the humiliation their family suffered, she changed her last name, moved out of the family apartment and is trying to start a new life. 

She now goes by the name Stephanie Mack.

Bernie Madoff's daughter-in-law has opened up to Anderson Cooper about how her life has been turned upside down since his high-profile downfall that led to the suicide of her husband, and RadarOnline.com has a video clip of the heartfelt interview.

Stephanie Madoff Mack, who is the widow of Mark Madoff, talked about the continued backlash after Bernie's $65 million Ponzi scheme was uncovered in December 2008 and his shady dealings turned into the country's biggest ever financial fraud scandal.

She was asked by Cooper on his syndicated talk show, Anderson, how she felt about the 60 Minutes interview with the disgraced financier's wife, Ruth, and son, Andrew, in which they talked about the night Bernie confessed to them that he was living a lie.

Ruth Madoff didn’t even know what a ponzi scheme was until her husband Bernie came clean to the family about his $65 billion con in 2008, her son Andrew told 60 Minutes Sunday, where he and his mother discussed the family’s fall from high society power brokers to shame, jail and suicide.

Ruth, 70, told Morley Safer her life has been forever changed the past three years, as she "can barely walk down the street without worrying about people recognizing me."

She insisted she had no knowledge her now-incarcerated husband was perpetrating America's worst ever financial scam.

"I trusted him -- ‘Why would it ever occur to me that it wasn't legal?" she said. "The business was -- his reputation was almost legendary. Why would I ever think that there was something sinister going on?"

Mark Madoff's devastated widow has spoken out for the first time, since her husband was found hanged, admitting she is “devastated” at his shock suicide.

In a heartbreaking statement, the wife of convicted swindler Bernie Madoff's son has begged for “decency and understanding” toward their children as they struggle to come to terms with the tragic news.

PHOTOS: Mark Madoff's Body Is Removed From His Apartment Building

"Mark has been cremated and there will be a private gathering to honor him later this week at an undisclosed location," Stephanie Madoff said in a statement to RadarOnline.com.

“My husband Mark took his own life and regardless of what you feel about my father-in-law and his monstrous crimes, Mark’s children are innocent victims and this is tragic for them.

Bernie Madoff, the convicted felon who fleeced $60 billion from investors in an elaborate Ponzi scheme, won't attend the
funeral of his son, Mark, who committed suicide this weekend, RadarOnline.com has learned.

PHOTOS: Mark Madoff's Body Is Removed From His Apartment Building

"He will not be attending the funeral out of consideration for his daughter-n-law's and grandchildren's privacy," his lawyer, Ira Lee Sorkin, told RadarOnline.com 

"He will be conducting a private service on his own, where he is presently incarcerated."

Madoff is serving a 150-year sentence in a federal prison in North Carolina after pleading guilty in March 2009 to carrying out a decades-long fraud.

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Ruth Madoff, wife of Bernie Madoff, believes her son Mark "would not have died if it weren't for what [Bernie] had done," a friend of the embattled family told an author, according to the NY Post.

As RadarOnline.com previously reported, Bernie’s oldest son, 46-year-old Mark Madoff, hanged himself Saturday with a dog leash in his New York City loft as his 2-year-old son slept in the next room. His suicide came on the second anniversary of his father's arrest in connection with a massive, billion-dollar Ponzi scheme.

Writer Jerry Oppenheimer, who penned the book Madoff With the Money, spoke with friends of the Madoffs, and said that Ruth remains "totally disgusted with [Bernie] and blames him for her son's death.

Mark Madoff left almost $2 million parked in a charity listed in his wife's name, RadarOnline.com has exclusively learned. What's more the charity gave out no money to any cause in 2009 but still received the tax breaks of a nonprofit organization.

Mark, the son of incarcerated Ponzi scheme architect Bernie Madoff, committed suicide on Saturday, on the two-year anniversary of his father's arrest.

DOCUMENTS: Mark and Stephanie Madoff Foundation IRS Filing

Mark worked for his father's firm that bilked $65 billion from investors. The son ran a nonprofit foundation until his death. He was distraught over his father's actions and always insisted her knew nothing about the scheme his dad ran, a scam that ruined individual investors and charities.

In a federal tax filing to the IRS on June 10, 2010 -- and obtained by RadarOnline.com -- Bernie Madoff's oldest son declared the Mark and Stephanie Madoff Foundation was worth a whopping $1,881,199.

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A closer look at that foundation reveals:

* It gave no grants, contributions or gifts in 2009, according to the 990 form signed by Mark.

* It employed no people.

* It paid just $710 in taxes for the financial period of 2009.

* Mark, who listed himself as President, named 158 Mercer Street where he was found dead, as the foundation's business address.

* It had only three board members - Mark, Stephanie, and Andrew Madoff - each of whom worked a minimum of 12 hours per week.

* Wife Stephanie is listed as secretary while brother Andrew is treasurer.

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The foundation's balance sheet includes $1,077,284 in corporate stock, $326,198 in US and state government obligations, $205,374 in corporate bonds and $265,375 in savings and cash. The foundation listed one other asset, which was not specified but is worth $6,96.

While there is no delineation of who or what The Mark and Stephanie Madoff Foundation served, the revealing tax filing obtained by RadarOnline.com details how the foundation traded in stocks after Bernie Madoff's arrest, when the family fortune took a massive hit.

The foundation made most of its money in one heavy day of trading on August 21, last year, totaling almost $50,000. It sold shares in a number of companies, including Agco Corp, BCE Inc, Calpine Corporation, Caterpillar Inc, Fluor Corp and Tiffany & Co.

As RadarOnline.com reported, Mark was found dead in his New York apartment about 7:30 am Saturday.

The 46-year-old hanged himself in the living room of his apartment in Manhattan's upscale SoHo neighborhood.

His 2-year-old son and dog were found in the apartment, unharmed.

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While Mark ran the trading desk at Bernard L. Madoff Investment Securities, he staunchly denied any wrongdoing and no charges were ever brought against him, although prosecutors said they continued to investigate.

Mark's foundation has long been the center of controversy, after The Daily Beast revealed how Bernie quietly slipped his son $2 million to set-up the The Mark and Stephanie Madoff Foundation "as the walls started closing in" on his Ponzi scheme.

Bernie, whose personal tax returns have been made public, declared a gift of that amount to the foundation in 2007 and took a tax deduction for it, saving him approximately $1 million in taxes.

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The tragedy that is Bernie Madoff never seems to stop. The jailed financier's son Mark was found dead Saturday morning, the victim of an apparent suicide, RadarOnline.com has learned.

PHOTOS: Mark Madoff's Body Is Removed From His Apartment Building

It was two years ago today that Bernie Madoff was arrested for running a multi-billion dollar Ponzi scheme that cost thousands of investors their life savings.

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Earlier this year Mark and his brother Andrew Madoff, who both worked for their father, were sued by the court-appointed trustee recovering assets for the victims.

Mark, who was described as "bitter" about his father's deception, had always maintained he had no knowledge of the scheme.  Several months ago, he filed papers in a New York court to legally change his name.

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Among the Madoff victims were several celebrities, including Kevin Bacon and Kyra Sedgwick who lost a reported $50 million, Larry King and John Malkovich.

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Mark Madovich, 46, was found hanging in his Manhattan apartment.  His wife and one of their children were in Florida at the time.  Another child, age two, was found in the apartment with her father.

Bernie Madoff is serving a 150-year sentence at a federal prison in North Carolina.

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