US Won't Charge Ruth Madoff

Not enough evidence to nab Bernie's wife in Ponzi scheme
By Matt Cantor,  Newser User
Posted Jul 1, 2009 10:45 AM CDT
The entrance of the building where a $7 million penthouse listed in Ruth Madoff's name and bought in 1984 is shown Tuesday, March 17, 2009 in New York.    (AP Photo/Mary Altaffer)
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(Newser) – Ruth Madoff won’t be prosecuted in her husband’s giant Ponzi scheme, insiders tell the New York Post, because the feds didn't find enough evidence against her after a 6-month probe. She had “no criminal exposure,” one source says. But if something new turns up, authorities could still pursue her. Meanwhile, another source notes, “she’s lost everything she holds dear” in a deal to sell assets to get cash for victims.

“She's lost her husband. She has no friends,” the source says. “She's persona non grata in Palm Beach, everywhere she cared about. She's a beaten woman. There's nothing left on the carcass to take.”