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New York - Report: Ruth Had Active Role In Madoff's Scam

Published on: May 21, 2010 10:24 AM
By:  NY Post
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FILE 2009 - Ruth Madoof, the millionaire wife of Bernard Madoff, is seen here riding the F train beneath an ad promoting a 99/c cellphone bargain.New York - What’s the truth, Ruth?

A newly revealed 2006 audit of Ponzi king Bernie Madoff’s fraudulent investment firm provided tantalizing indications that his wife—who has long claimed ignorance of her hubby’s scam—knew far more about it than she has claimed.

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In a highly-detailed report done for the Spanish-owned Banco Santander Securities, which ultimately lost $3.2 billion when the scheme collapsed, Madoff’s wife Ruth is described as playing an active role in the firm’s operation just two years before the scam was uncovered.

“Bernie’s wife remains his bookkeeper for the business and she comes in 3 days a week,” the audit stated.

“It contradicts everything that has been said about her. Her story’s always been about ‘Oh, I didn’t know,” but this makes it look very different,” a source familiar with the document told The Post.



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Read Comments (22)  —  Post Yours »

1

 May 21, 2010 at 10:36 AM glatekup Says:

i think it is enough. she lost her family, her earthly belongings,husband and sons. let her live out her final years in somewhat peace.

2

 May 21, 2010 at 10:46 AM shlomo zalman Says:

Reply to #1  
glatekup Says:

i think it is enough. she lost her family, her earthly belongings,husband and sons. let her live out her final years in somewhat peace.

First let her confess and look into the eyes of the multitude of people who she stole from to support her high and mighty lifestyle. Then we'll decide if she's really had enough.

3

 May 21, 2010 at 10:49 AM are you kidding? Says:

so did many of her victims. she should get whatever the law prescribes.

4

 May 21, 2010 at 10:52 AM Glatekup 2 Says:

& don't forget that her husband liked ham sandwiches.
Let her have the crumbs.

5

 May 21, 2010 at 10:56 AM ben grey Says:

To #1
Tzedek tzedek tir-doff. Why is she off the hook? why should she eat better than those she stole from?

6

 May 21, 2010 at 11:03 AM Anonymous Says:

To 1 I'm shocket somone on vin would make such a common sense statement, the normal suspects would say, why? How about all the peppol she ruind, don't they deserve to live in peace, she is a thieve and deserves to rot, couse on vin two wrongs always but always equels a right, just look at the debate about child molesters. Ouch I just had to add that into the mix or this conversation would not be enoghf fun :) now I'll sit back and watch as the blood levels start to rise. please i realy need to lagh, and Baruch hashem the stupidety on here has never let me down yet. So go for it boys.

7

 May 21, 2010 at 11:04 AM Milhouse Says:

I don't see what this is supposed to show. It's a puff piece. She's his "bookkeeper"; yeah, probably his lunch book. "She comes in 3 times a week"; nothing is implied about what she does when she comes in. Her hair?

8

 May 21, 2010 at 11:24 AM Anonymous Says:

Why is everyone so hateful toward this woman? As of now, there is no evidence that she knew what her husband was up to or that she stole from anyone. I'll bet that the same people who are criticizing her and are assuming she is guilty are the same ones who jump to the defense of every man with a beard and kippa even when convicted.

9

 May 21, 2010 at 01:11 PM Paskunyak Says:

Was she the RUTH of Bernies problem?? Before making any allegations one should read the whole Megillah, Ruth.

10

 May 21, 2010 at 02:53 PM Anonymous Says:

Reply to #6  
Anonymous Says:

To 1 I'm shocket somone on vin would make such a common sense statement, the normal suspects would say, why? How about all the peppol she ruind, don't they deserve to live in peace, she is a thieve and deserves to rot, couse on vin two wrongs always but always equels a right, just look at the debate about child molesters. Ouch I just had to add that into the mix or this conversation would not be enoghf fun :) now I'll sit back and watch as the blood levels start to rise. please i realy need to lagh, and Baruch hashem the stupidety on here has never let me down yet. So go for it boys.

You are funny as is your English .

11

 May 21, 2010 at 03:05 PM Anonymous Says:

Why did she lose her sons? Where are they?

12

 May 21, 2010 at 03:06 PM cpa Says:

she is an innocent spouse

13

 May 21, 2010 at 04:47 PM Anonymous Says:

Ruthie cooked the books and pocketed millions ! Now she lives in Palm Beach like a Queen. Disgusting.

14

 May 21, 2010 at 05:21 PM glatekup Says:

Reply to #13  
Anonymous Says:

Ruthie cooked the books and pocketed millions ! Now she lives in Palm Beach like a Queen. Disgusting.

In palm beach like a queen? I highly doubt it. She lives with the guilt every day of her life. Even if she was not directly involved, she would not be able to bare the guilt that people think she was involved.

15

 May 21, 2010 at 07:18 PM Anonymous Says:

Not only did she probably know what was going on, but their sons probably did as well. It will take many years before we really know everything about this. I just finished reading the book "No One Would Listen", by Harry Markopolous, the man who started contacting the SEC about Madoff even as far back as in the year 2000. It's unbelievable that nobody paid any attention to him. I think that the people who were making money just had too much to lose to expose Madoff, so they looked the other way. I don't in any way believe that Wall Street didn't know that something illegal was going on, and they enabled him. Sorry, there are just too many smart people who claim that they didn't know he was a fraud and they are almost as much to blame as Madoff.

16

 May 21, 2010 at 10:19 PM ve heishiv et hagezela Says:

she should sell all her belongings and payback whatever she can let her go and work and see how the "other side" lives

17

 May 22, 2010 at 11:08 PM Anonymous Says:

Here's what I don't understand, all the other info in the statements, we now know, are bogus. So, why would I believe this one?

18

 May 22, 2010 at 11:11 PM Anonymous Says:

Reply to #16  
ve heishiv et hagezela Says:

she should sell all her belongings and payback whatever she can let her go and work and see how the "other side" lives

Al pi din torah, she has no chiyuv of V'heishiv.

19

 May 22, 2010 at 11:11 PM Anonymous Says:

Here's what I don't understand, all the other info in the statements, we now know, are bogus. So, why would I believe this one?

20

 May 23, 2010 at 09:45 AM Anonymous Says:

Reply to #1  
glatekup Says:

i think it is enough. she lost her family, her earthly belongings,husband and sons. let her live out her final years in somewhat peace.

How much money did you lose to let her get away with this?

21

 May 23, 2010 at 08:42 PM bigwheeel Says:

Reply to #1  
glatekup Says:

i think it is enough. she lost her family, her earthly belongings,husband and sons. let her live out her final years in somewhat peace.

But if her earthly possessions were acquired through deceit and grand larceny with her acquiescence and help, she should be stripped of her clothes and made to wear a prison uniform. She should take up residence in prison cell

22

 May 23, 2010 at 09:24 PM devorah Says:

Reply to #21  
bigwheeel Says:

But if her earthly possessions were acquired through deceit and grand larceny with her acquiescence and help, she should be stripped of her clothes and made to wear a prison uniform. She should take up residence in prison cell

I would say the same thing about Rubashkin.

23

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