New York, NY – Ruth Madoff’s account at Bank of New York Mellon Corp. received transfers of at least $14 million that the trustee liquidating her husband Bernard Madoff’s firm wants to “recapture,” according to court filings.
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Irving Picard, the trustee, said last week that he had asked the bank for the couple’s monthly bank statements, canceled checks and other records from January 2002 through December 2008. Bank of New York had no objection to providing them, he said in the March 10 filing in U.S. Bankruptcy Court in Manhattan. Picard is seeking a total of $44.8 million from Ruth Madoff, according to court papers.
Money going into Ruth Madoff’s personal bank account came from the imprisoned fraudster’s companies, which received nothing in return, Picard said in previous filings. When Bernard Madoff’s Ponzi scheme collapsed in 2008, the funds became the property of his customers, Picard said in his 2009 lawsuit against Ruth Madoff.
She is due to respond to the suit by March 31. She forfeited houses, jewels and bank accounts to the U.S. government in June 2009, according to a list attached to the forfeiture order.
In the Bank of New York account, some transfers masqueraded as interest payments on loans made by Madoff companies, which should have gone to the businesses and not to the owner’s wife, Picard said. A $2.3 million deposit originating in the Madoff brokerage was used “for the purchase of a yacht for the personal enjoyment of Mrs. Madoff and her family,” Picard said.
More at Bloomberg News
Take her to the cleaners..She avoided jail let her stand in line for Food stamps..
leave her alone all ready u all made money off this scam for 30 years
You would think that the biggest ponzy schemer in history would have hid his money in Switzerland or something
Honestly, do you guys think she has control of anything at this point? The government took everything away from her. She has nothing. Leave the poor woman alone already. They took all her assets from her, her home, her cars, her jewelry, do you think they would have overlooked a bank account?????
The women has more money then you would know what to do with
She is pleading poverty, but she has the money somewhere. Get it back and give it to the people who lost it all. Let her sell ladies shabbos robes in Lakewood.