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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
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Fast Facts
- 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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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 (January 27, 2009) On February 11, 2009, investigators said Ruth Madoff had withdrawn more than $15 million from a brokerage account co-owned by her husband in the weeks before Bernard Madoff was arrested.Bloomberg.com: Madoff's Wife Withdrew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)
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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) -
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Managed Since: 06/02/2009
Views: 1,983
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Page revenue is subject to change as we obtain data from our partners
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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=agYttTlCfp84 -
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The Mahalo Top 7
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Ruth Madoff: I'm Embarrassed, Betrayed, Confused
Ruth Madoff, the wife of disgraced financier Bernard Madoff, issued a statement on Monday afternoon following her husband's sentencing of 150 years in prison for building the largest Ponzi scheme in history. In her first public comments since her husband's arrest in December, Mrs. Madoff said she was both embarrassed and confused by the man who she...WCBS-TV New York (June 29, 2009) -
CNN: Madoff's wife withdrew $15.5M before his arrest
cnn.com (February 11, 2009) -
New York Post: Feds 'Working Around the Clock' to Freeze Assets of Ruth Madoff
foxnews.com (March 15, 2009) -
Gawker: Bernie Madoff Had Help From His Wife
gawker.com (January 27, 2009) -
GrantsDirect.com: Bernard L. and Ruth Madoff Foundation
grantsdirect.com -
Bloomberg.com: Madoff's Wife Withdrew $15.5 Million, State Claims
bloomberg.com (February 11, 2009) -
Dealbook (New York Times): Madoff's Wife Pulled $15.5 Million in Funds
dealbook.blogs.nytimes.com (February 11, 2009)
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Ruth Madoff News
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Madoff's 17 Rolexes, Her Furs, Hermes Set for Auction
10 (Bloomberg) -- A tea service, an Oyster chronograph watch and assorted ashtrays once used by Bernard and Ruth Madoff will be auctioned on Nov. ...Bloomberg (November 10, 2009) -
Fashion Ump: Buy this Mets jacket at the Bernie Madoff auction
Among the bling and the furs and the whatnot up for auction Saturday from the property assets of Bernie and Ruth Madoff is this exquisite New York Mets ...Yahoo! Sports (November 12, 2009) -
Ten Things We Learned About Madoff from His Belongings
We're guessing this single stud wasn't intended for Ruth Madoff. While the auction includes a variety of expensive jewelry, Madoff's most conspicuous excess ...Minyanville.com (November 11, 2009) -
Trustee May Win Billions for Investors in Madoff
... Mr. Picower's niece — who is also the daughter of Michael Bienes, a former employee of the accounting firm owned by Ruth Madoff's father, Saul Alpern. ...New York Times (November 09, 2009)
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