Madoff's Wife Withdrew $15.5M Days Before Arrest

Deadline for criminal indictment extended 30 days
By Kevin Spak,  Newser Staff
Posted Feb 11, 2009 10:57 AM CST
Madoff's Wife Withdrew $15.5M Days Before Arrest
Bernard Madoff leaves Federal Court Wednesday, Jan. 14, 2009 in New York.   (AP Photo/Frank Franklin II)

Ruth Madoff withdrew $10 million from a Madoff-related brokerage firm the day before her husband was arrested, according to a complaint filed by Massachusetts’ secretary of state, the Wall Street Journal reports. She also withdrew $5.5 million a few weeks earlier, according to documents from Cohmad Securities, which Bernie Madoff co-owned.

Today is the deadline for the government to seek an indictment against Madoff, but that deadline will be pushed back 30 days, the Journal reports. The extension comes by mutual agreement, with the parties discussing “a possible disposition” of the case, including a possible plea deal. (More Bernard Madoff stories.)

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