Ruth Madoff parts with most of her money
Filed under: People
Poor Ruth Madoff. She may have known nothing about her husband's fraud. Right.
Mrs. Madoff gave up most of her claims to cash and property she said was hers. According to The Wall Street Journal, she "has agreed to give up her potential claim to more than $80 million worth of assets, keeping just $2.5 million in cash in an agreement reached with federal prosecutors."
Mrs. Madoff may be giving up most of her fortune, but it is a small price to pay. The government could try to prove that she was aware of her husband's actions. Prosecutors may not have proven the case, but it would have tied Mrs. Madoff up in court proceedings for years.
To "get out of jail free", she gives up her homes in three cities and a number of asset and gets to walk away "poor."
Douglas A. McIntyre is an editor at 24/7 Wall St.
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Reader Comments (Page 1 of 8)
6-28-2009 @ 6:24PM
Lee said...
Walk away poor, what are you smoking 99.9% of all americans would love to have $2,500,000.
Reply
6-28-2009 @ 9:20PM
Ali said...
That's why the word poor was in quotations.
6-29-2009 @ 10:21AM
Gordon said...
And they show a sympathy picture of her riding the subway. With $2.5m, she could afford a cab. What a POS!
6-29-2009 @ 10:34AM
Mike Flanagan said...
He was being sacracstic
6-29-2009 @ 3:16PM
sweetie said...
I totally agree, if I had 2.5 million I would not heave to worry about living a decent life. Yea, we all should have 2.5 million to get a good start. Believe it or not, Ruth have much more thatn that hidden with her children and friends. The governement must think we are stupid or they do not not what they are doing.
6-28-2009 @ 11:52PM
Scam Job said...
How does anyone in his Family get the chance to get any money. Everything they have they stoled. I guess crime does pay when your Jewish.
Lets be real do you think if you stole Millions not Billions from people the Goverment would let your Wife keep some of the stolen money.
Reply
7-01-2009 @ 6:17PM
warren said...
none of your family will get polio but your probably to stupid
to know that's because of Jews too
6-29-2009 @ 1:31PM
She's loaded said...
Don't worry. I'm SURE Ruth Madoff has PLENTY of cash stashed away in accounts all over the world. She's still a billionaire.
6-29-2009 @ 3:40PM
Jack said...
But it does!!!!!!!!!!!!!!!
6-29-2009 @ 12:10AM
stacknef said...
and you're a schmuck (that's "dick" in Yiddish)
Reply
6-29-2009 @ 12:18AM
stacknef said...
Enough of the anti semitic crap, people. You morons don't even get it that this piece of shit took money from other Jews, who had looked to him to invest their money in charitable trusts that supported many great causes. He is to be shunned and hopefully will spend the rest of his life behind bars for ALL the damage he has done, not just to his financial victims, but to all of us that are labeled "greedy" because of his crimes.
Reply
6-29-2009 @ 9:50AM
patty said...
I agree with you. It is not necessary to talk about Madoff being jewish. He was just a really bad person. That has nothing to do with his religion. It is offensive and prejudice.
6-29-2009 @ 12:51AM
Jay said...
Is there any thing, legistation, women, horses, basketball, drugs, that repuds agree on with the POTUS? Sometimes people disagree just to disagree. But then again, if they did agree they would be out of their cushy jobs.
Reply
6-29-2009 @ 9:42AM
Victor Beasely Sr. said...
I don't have two nickles to rub togather, and she better not be crying about 2.5 million. She should be counting her blessing I reather walk away poor instead of walking in a federal prison.
Reply
6-29-2009 @ 11:04AM
Kelly said...
Better to be poor than a thief!!
6-29-2009 @ 9:48AM
steph kurth said...
Give the 2 1/2 million to Charity!!!!!!!!!!!!!!!
Reply
6-29-2009 @ 3:39PM
Jack said...
She should do it in the beginning-give it to charity.
6-29-2009 @ 9:49AM
Michael said...
I love that it says she gives up most of "her" money. It was never her money. It was never his money. It was stolen.
Reply
6-29-2009 @ 10:24AM
J. Diane Smith said...
I think it is absolutely outrageous that our government is allowing her to keep "any" of this stolen money. She has lived extravagantly on this "stolen" money so she should not be allowed to keep any of it. She needs to get a job like most of us and not be permitted to keep this money. So much for our "government" protecting us.
6-29-2009 @ 10:49AM
Pat said...
I can't believe this woman didn't suspect what was going on. She didn't care as long as Bergdorf's took her credit card.
I think she should be made as poor as the woman who her husband stole from and who are now trying to get their life back together.
By the way, that oath is "for better or worse", not for better or until you get caught.
Reply