Ruth Madoff Issues Statement Acknowledging Her Husband’s Ill deeds

June 29, 2009

(ChattahBox) — With her 71-year-old husband Bernard now sentenced to 150 years in prison, Ruth Madoff doesn’t have many friends herself right now, in fact she is basically a social pariah.  Some people feel she had to know something of what her husband was up to, compounded by her silence regarding his crimes. In any case the rich life style she lead for many years was ill gotten. There will be no pity for Mrs. Madoff, but she has broken her silence and in a statement Monday she said that “the man who committed this horrible fraud is not the man whom I have known for all these years.” The statement acknowledged that her silence may have been interpreted as “indifference or lack of sympathy for the victims of my husband Bernie’s crime.” She said “this is “exactly the opposite of the truth” and that “not a day goes by when I don’t ache over the stories that I have heard and read.”

A judge had already issued a forfeiture order stripping Ruth Madoff of $80 million in assets she claimed were hers. The order left her with $2.5 million. but The Wall Street Journal reports that Mrs. Madoff may “still face claims” from government agencies like the SEC and trustees that are liquidating Bernie’s assets.  As part of the forfeiture, Ruth Madoff is giving up her multi-million Park Avenue apartment that she shared with Bernie. The New York Post reports no one is rolling out the red carpet for her:

After Madoff last week agreed to sell her estimated $7.5 million duplex co-op on East 64th Street, the wife of fraudster Bernie Madoff is looking to rent a new home in the Big Apple — but finding no one willing to take her on as a tenant, the sources said.

She has turned to using her maiden name, Alpern, but has had no luck with that, either.

“She has nowhere to go,” a top broker said. “No one wants someone with her name in their building. People like their privacy.”

It may be a huge fall from grace, but compared to many of her husband’s victims, Ruth Madoff is still considerably a lot better off.


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