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- Name: Ruthie Alpern Madoff
- Wife of financier Bernard Madoff
- Born in Queens, New YorkBloomberg.com: Madoff Enjoyed $50 Pedicures... (December 17, 2008)
- Graduated from Queens College in 1961Bloomberg.com: Madoff Enjoyed $50 Pedicures... (December 17, 2008)
- Holds a master of science degree in nutrition from New York UniversityBloomberg.com: Madoff Enjoyed $50 Pedicures... (December 17, 2008)
- Co-edited the cookbook The Great Chefs of America Cook Kosher in 1996Bloomberg.com: Madoff Enjoyed $50 Pedicures... (December 17, 2008)
- Has two sons with Bernard: Mark and AndrewBloomberg.com: Madoff Enjoyed $50 Pedicures... (December 17, 2008)
- Lives in New York City; the couple also have several other houses, including one in FloridaBloomberg.com: Madoff Enjoyed $50 Pedicures... (December 17, 2008)
- Joined the board of the Queens College Foundation in 1993
- Voluntarily left her job as secretary of the Foundation in December 2008Bloomberg.com: Madoff Enjoyed $50 Pedicures... (December 17, 2008)
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Ruth Madoff is the wife of Bernard Madoff, president of the Bernard L. Madoff Investment Securities financial advisory firm, who was arrested in December 2008 for securities fraud and placed under house arrest. Ruth Madoff has not been charged with any crime, but she was ordered to surrender her passport on December 16, 2008.Bloomberg.com: Madoff Ordered to House Arrest... (December 17, 2008)
Madoff was sentenced to 150 years in prison on June 29, 2009. Ruth Madoff issued a statement after the sentencing. http://www.bloomberg.com/apps/news?pid=20601087&sid=agYttTlCfp84
Money in Ruth's Name
Despite claims to the contrary, investigators found that Ruth Madoff had maintained an account which mixed personal and fund monies.Gawker: Bernie Madoff had help... (January 27, 2009) On February 11, 2009, investigators said Ruth Madoff had withdrawn more than $15 million from a brokerage account co-owned by her husband in the weeks before Bernard Madoff was arrested.Bloomberg.com: Madoff's Wife Withdrew $15.5 Million, State Claims (February 11, 2009)The SEC, in conjunction with prosecutors in New York City, are hoping a judge will freeze Ruth Madoff's assets following the conviction of her husband on 11 criminal counts on March 12, 2009. It is believed that as much as $93 million may be stashed away in Ruth Madoff's name that's presently out of the reach of federal authorities, which she could theoretically access should she leave the U.S.New York Post: Feds 'Working Around the Clock' to Freeze Assets of Ruth Madoff (March 15, 2009)
Bernard Madoff Arrest
Ruth Madoff's husband, Bernard Madoff, was arrested in December 2008 for securities fraud and placed under house arrest. Bernard Madoff is accused of being involved in a Ponzi Scheme which allegedly caused investors, including businesses, charities and banks, to lose $50 billion. Ruth Madoff has not been charged with any crime, but she was ordered to surrender her passport on December 16, 2008.Bloomberg.com: Madoff Ordered to House Arrest... (December 17, 2008) Madoff verbally agreed to freeze her assets following her husband's confession, but such an agreement is not legally binding.New York Post: Feds 'Working Around the Clock' to Freeze Assets of Ruth Madoff (March 15, 2009)-
Ruth Madoff Statement
After Madoff's sentencing on June 29, 2009, Mrs. Madoff issued the following statement: "I am breaking my silence now because my reluctance to speak has been interpreted as indifference or lack of sympathy for the victims of my husband Bernie’s crime, which is exactly the opposite of the truth. From the moment I learned from my husband that he had committed an enormous fraud, I have had two thoughts -- first, that so many people who trusted him would be ruined financially and emotionally, and second, that my life with the man I have known for over 50 years was over."http://www.bloomberg.com/apps/news?pid=20601087&sid=agYttTlCfp84Ruth Madoff News
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Madoff's Boats, Car, Ruth's Jewels Score $3 Million for Victims
In addition, a 1999 Mercedes-Benz CLK 320 convertible owned by Ruth Madoff sold for $30000. The car had 12827 miles on it. By the time the auction got ... (November 17, 2009)Bloomberg -
Bidding on Madoff's Trove While Helping Victims
“But if it helps out the victims, it's OK” She had planned to bid on a ring, but was disappointed to discover that Ruth Madoff's ring size is 7. Hers is 5. ... (November 14, 2009)New York Times -
Pieces of Madoff Are on the Block
White his-and-hers stationery with the names Bernard Madoff and Ruth Madoff printed on it, along with envelopes, is expected to go for at least $90 in a lot ... (November 09, 2009)Wall Street Journal -
Spouses of Jailed White-Collar Criminals Share Struggles to Keep Families ...
Speculation grows that federal investigators will focus on Ruth Madoff. The couple was once the toast of Birmingham, Ala., with a fortune of some $300 ... (November 30, 2009)ABC News
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