Ruth Madoff
The Madoff auction take shows Bernie-mania is hardly waning
10:10PM 11/15/2009
There was some doubt headed into Saturday's auction of Bernard Madoff's belongings. Strong interest was anticipated, though many thought the public was tired of the Madoff saga. The asking prices for his (former) Manhattan and Palm Beach homes had just been cut by 10% and 7%, respectively. Presale...
Half the pain of selling keepsakes and mementos lies in the realization that one's life is worth only a fraction of "face value." But for Bernie Madoff, it looks like the opposite may be true.
On Saturday, the U.S. Marshal's office will be auctioning off approximately 200 pieces of Madoff's life...
Bernie Madoff: Ponzi schemer punches prisoner in the penitentiary
9:00AM 10/13/2009
On Tuesday, the New York Post reported that Bernie Madoff got into his first prison fight. Apparently, he and another inmate were arguing about the stock market when the discussion escalated into shouts. Madoff's unnamed assailant shoved him and Madoff shoved back, knocking the man down. According...
When Bernie Madoff, the master Ponzi schemer, was sentenced to 150 years in the slammer, many of his victims felt some measure of justice had been served. But others were furious that members of Madoff's family appeared to have tap-danced away with millions in the months leading up to their...
Ruth Madoff unburdens her soul. Does everybody feel better now?
2:00PM 6/30/2009
Yesterday, following Bernie Madoff's sentencing hearing, his wife Ruth Madoff released a statement in which she tried to firmly separate herself from her husband. "Like everyone else, I feel betrayed and confused," Mrs. Madoff wrote, claiming that she had no prior knowledge of her husband's...
Tips for Ruth Madoff: How to live in the middle class
5:30PM 6/29/2009
Dear Mrs. Madoff:I understand that with your husband in jail for the rest of his life and you losing claim to millions of dollars worth of real estate and other assets in the bargain, you are being left with only $2.5 million to your name. That gives you an income of about $125,000 a year.Keep this...
U.S. District Judge Denny Chin sentenced Bernard Madoff to 150 years after hearing from victims. Federal sentencing guidelines require the 71-year-old Madoff to serve at least 80 percent of that time, which means he would not be eligible for parole before 2129, making this sentence in essence a...
Investors who made money investing through Bernie Madoff could be facing a clawback lawsuit, which seeks to get back funds from investors who made withdrawals before the firm collapsed. According to the Wall Street Journal, the first lawsuit was filed by Madoff Trustee Irving Picard on Thursday....
The public's been screaming that prosecutors should try to recover assets from Madoff's relatives, including his sons. While his sons have not been charged with any crimes, prosecutors told a judge Tuesday that they want to seize jewelry, business interests and more than $30 million dollars that...
Ruth Madoff made it clear she wants to keep her assets, but Federal investigators may move to freeze her assets within the next week or so, according to the New York Post. Ruth Madoff, wife of Bernard Madoff, hired her own attorney and may be getting ready to face criminal charges.
Federal...
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