Ruth Madoff

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Madoff Lists $826M in Assets
 Madoff Lists $826M in Assets 
Mar 14, 2009 6:52 AM CDT

Madoff Lists $826M in Assets

List reveals couple's homes, cash, luxury goods mostly in Ruth's name

(Newser) - A list of the Madoffs' assets released yesterday falls a long way short of the tens of billions investors and prosecutors are looking for, the Wall Street Journal reports. A $700 million valuation for Bernard Madoff's investment business made up the bulk of the roughly $826 million in assets listed,...

Madoff Laundered Money Overseas: Feds

Fraud extended to London, US says

(Newser) - At least a quarter-billion dollars of client funds passed through Bernard Madoff's London operation in money-laundering maneuvers that involved the trading operation as well as the firm's investment-advisory arm, the US government alleges. Madoff's sons, who have denied involvement in the Ponzi scheme in which their father is about to...

Madoff Family Members May Face Charges

Feds investigating 20 others; 'he's jerking everyone around'

(Newser) - Bernie Madoff's guilty plea Thursday won't be the end of the story, the Daily Beast reports. The feds are investigating 20 possible co-conspirators, including family members, writes Lucinda Franks. Madoff wants to preserve money for his wife and kids, and keep them out of trouble. But sources say that several...

Madoff Aide Generated Fake Papers for Scam: Workers

Feds continue to hunt for cohorts

(Newser) - A longtime Bernie Madoff aide generated fake trading tickets for the accused swindler to use to document trades that never took place, workers have told federal authorities. The employees were instructed to research stock trade prices, then create bogus tickets showing purported trades and fake profits in line with made-up...

So Where Did Madoff's Wife Get $70M?

Lawyers for scammed clients seek source of Ruth's fortune

(Newser) - Lawyers representing some of Bernie Madoff’s victims are stumped by his legal team's claim that $70 million of his wife’s assets have nothing to do with his scam, Reuters reports. So far Ruth Madoff—who hasn't been charged with a crime—hasn't had to detail the source of...

Ruth Madoff in Court Battle to Keep $70M

Lawyers argue wife's assets have nothing to do with scam

(Newser) - Ruth Madoff is battling in court to hang onto $70 million in assets she claims have nothing to do with her husband's alleged $50 billion scam. Lawyers for the Madoffs are seeking to protect the assets—including $17 million in cash, $45 million in bonds, and the $7 million Manhattan...

Madoff's Wife Withdrew $15.5M Days Before Arrest

Deadline for criminal indictment extended 30 days

(Newser) - 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...

Ruth Madoff: Accomplice or Another Victim?

Both possibilities hard to believe, friends say of inseparable couple

(Newser) - Bernard Madoff and his wife, Ruth, have been married for nearly 50 years and are practically inseparable. They worked together, and the outgoing blonde with the all-American look attracted friends to his hedge fund, the New York Times reports. So did she know or didn't she? "It’s hard...

Madoff's Wife Under Scrutiny in Ponzi Scheme

(Newser) - SEC regulators are investigating whether Bernard Madoff's wife helped him cook the books in his $50 billion fraud scheme, Bloomberg reports. Investigators say that Ruth Madoff's name has shown up on transactions and that she may have helped track payments and keep secret records. Ruth, 67, has not been charged,...

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