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Madoff Marriage News Updates

Sentenced for 150 Years -- Forced to Give Up Homes, Investments, etc.


Convicted on 11 counts, sentenced to serve 150 years, Bernard Madoff continues to be in the news as the investigation about his Ponzi scheme forced Bernard and Ruth Madoff to forfeit their homes, investments, vehicles, boats, etc.

12/13/2010: While Bernie Madoff will not attend his son's funeral, his wife "Ruth Madoff is, 'totally disgusted with [Bernie] and blames him for her son's death,' [Jerry] Oppenheimer tells the New York Post. 'She thinks this is the end of the family.'"
Source: "Mark Madoff Funeral: author Says Ruth Madoff Claims Husband's Ponzi Scheme Drove Son to Suicide." HuffingtonPost.com. 12/13/2010.

8/15/2009: In her soon to be published book, Madoff's Other Secret: Love, Money, Bernie, and Me (Compare Prices), Sheryl Weinstein alleges that she had a long affair with Bernie Madoff. "An attorney for Madoff's wife, Ruth Madoff, said his client did not know about the "alleged affair." The attorney, Peter Chavkin, said the allegations were a powerful reminder to those who claim Ruth Madoff knew about her husband's massive Ponzi scheme "that there are some things that some spouses — however close they are — do not share with each other." Source: Larry Neumeister, AP. "Book: Madoff victim tells of secret 20-year affair." WashingtonPost.com. 8/15/2009.

7/13/2009: Bernard Madoff, aka prisoner 61727-054, was transferred to the Federal Correctional Complex in Butner, North Carolina. According to The Associated Press, "under federal regulations, the lengthy prison term Madoff received at his June 29 sentencing made him ineligible for placement in a minimum- security prison."

7/06/2009: The court system was ordered by a federal judge to return Ruth Madoff's passport.

7/02/2009: Ruth Madoff was evicted from their $7 million penthouse.

6/29/2009: Bernard Madoff was sentenced to serve 150 years in federal prison. His wife, Ruth, was not in court. Ruth Madoff's Written Statement of 6/29/2009

6/28/2009: Just prior to Bernard Madoff's sentencing for his gigantic swindle, a preliminary order of forfeiture forces Ruth and Bernard to give up all their interests in real estate, investments, cars, boats, and insured or salable personal property that are in the homes. Ruth will be able to keep $2.5 million in cash.

3/16/2009: Although Ruth Madoff has still not been charged with any crime, federal prosecutors are asking for the forfeiture of Madoff homes, cars, yachts, and other assets even though most are registered in Ruth's name.
Source: "Government Files Notice Seeking Madoff Assets." NYTimes.com. 3/16/2009.

3/12/09: We didn't notice any pictures of Ruth Madoff standing by Bernie in court. "But, preparing for jail, he wore no wedding ring — only the shadowy imprint remained of one he has worn for nearly 50 years."
Source: Diana B. Henriques and Jack Healy. "Madoff Goes to Jail After Guilty Pleas to All Charges." NYTimes.com 3/12/2009.

3/12/09: After pleading guilty to 11 charges Bernard Madoff was handcuffed and taken to jail "to the applause of his seething victims in the courtroom."
Source: AP / Larry Neumeister and Tom Hays. "Madoff Pleads Guilty to Mass Ponzi Swindle." Time.com. 3/12/2009.

3/10/09: “He is not reliable. He’s jerking everyone around,” said the source. “Every day he changes his tune about where the money went and where it is. He’s trying to protect his family ... Ruth Madoff, who was considered “innocent at first,” according to this source, is believed to have received at least $70 million from her husband and is now therefore an object of the investigation. That is one reason why she recently decided to retain her own lawyer, leaving Ira Sorkin, who has represented both of the Madoffs since December, when the Ponzi scheme was revealed.”
Source: Lucinda Franks. "The Next Targets in the Madoff Case." TheDailyBeast.com. 3/10/2009.

2/11/09: "... Wednesday's revelation regarding Mrs. Madoff's financial withdrawals only raises the likelihood that prosecutors will look closely at family members' actions."
Source (includes photo of Ruth and Bernie Madoff): Robert Chew. "Ruth Madoff Withdrew $15.5 Million Prior to Husband's Arrest." Time.com. 2/11/2009.

Ruth and Bernie Madoff Marriage Profile

Quotes About the Marriage of Ruth and Bernie Madoff

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