Tag Archives: wife ruth

Madoff victims sue his family for $45m

CityWire.co.uk – Bernard Madoff’s wife Ruth is being sued for $44.8 million (€31.9 million) by the trustee for the victims of his $50 billion Ponzi scheme. Court-appointed trustee Irving Picard is the first person to take action against Madoff’s family members, […]

Madoff Jailed After Guilty Plea

New York (Hedgeco.Net) – Bernard Madoff was finally promoted from house arrest to maximum security prison, after pleading guilty to the largest Ponzi scheme in history.  Madoff, who swindled an estimated $65 billion out of the most elite investors, could […]