halifax
- 30 Jun 2009 13:41
So Bernie gets his free place in a secure retirement home, but where is the money. Perhaps the feds should start digging on Mt Sion?
Clubman3509
- 29 Jul 2009 20:21
- 265 of 268
Madoff trustee sues Ruth Madoff
NEW YORK (Reuters) - The wife of imprisoned swindler Bernard Madoff was sued on Wednesday by the trustee recovering money for investors defrauded in Wall Street's biggest investment fraud, court documents showed.
The lawsuit said at least $44.8 million (27.3 million) "was subject to recapture" from Ruth Madoff, who has been married to the former investment adviser and trader for 49 years.
Court-appointed trustee Irving Picard said of that amount, she received at least $23.7 million directly or indirectly from Bernard L. Madoff Investment Securities LLC, the firm he is winding down.
"For decades, Mrs. Madoff lived a life of splendour using the money of BLMIS's customers," the trustee said in the filing in U.S. Bankruptcy Court in New York. "Regardless of whether or not Mrs Madoff knew of the fraud her husband perpetrated ... she received tens of millions of dollars from BLMIS."
Madoff is serving a 150-year prison sentence in Butner, North Carolina, for a fraud U.S. prosecutors estimated at as much as $65 billion over at least two decades.
(Reporting by Grant McCool, editing by Gerald E. McCormick)
Well done, the bitch should be in jail with her husband and so should most of his family. Let's hope they end up skint.
cynic
- 29 Jul 2009 20:23
- 266 of 268
they probably will ..... BM could not conceivably have been working on his own
Fred1new
- 29 Jul 2009 21:21
- 267 of 268
Clubman, do you know her personally?