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MONDAY, NOVEMBER 23, 2009
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Ruth Madoff to Bare All Expenditures Over $100

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(Newser) – Ruth Madoff won't be able to spend $100 without scrutiny under a deal approved by a bankruptcy judge overseeing the liquidation of her husband's financial firm, the Wall Street Journal reports. Madoff agreed to give a full accounting of her income and any spending over $100 to a court-appointed trustee acting for victims of Bernard Madoff's Ponzi scheme.

The deal came as part of a lawsuit from the trustee seeking $44 million on behalf of the fraudster's victims. Ruth's lawyer has labeled the lawsuit "perplexing and totally unjustified," since she surrendered more than $80 million in assets, keeping $2.5 million. But many victims doubt that all the assets have been accounted for. "Considering the integrity of her husband, I'm sure she's got plenty of money stashed away," one tells the New York Daily News.

Ruth Madoff is escorted by private security as she leaves the Metropolitan Correctional Center after visiting her husband, disgraced financier Bernard Madoff, in New York earlier this year.
Ruth Madoff is escorted by private security as she leaves the Metropolitan Correctional Center after visiting her husband, disgraced financier Bernard Madoff, in New York earlier this year.   (AP Photo/Mary Altaffer)
Ruth Madoff is escorted by private security as she leaves the Metropolitan Correctional Center after visiting her husband, disgraced financier Bernard Madoff, in New York earlier this year.
Ruth Madoff is escorted by private security as she leaves the Metropolitan Correctional Center after visiting her husband, disgraced financier Bernard Madoff, in New York earlier this year.   (AP Photo/Mary Altaffer)
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If you're looking for someone who feels sorry for her, you won't find him here.
- Madoff victim Burt Ross,
the former mayor of Fort Lee, N.J

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3 comments
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gabo
Aug 4, 09 7:39 AM CDT
Maybe we can hold a benefit for her. I'm sure she knows a lot of rich people that are looking to put their money somewhere. Reply
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dontlikenobody
Aug 4, 09 10:44 AM CDT
Misread the headline as "Ruth Madoff to bare all." Scarcely bears thinking about. Reply
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IN RESPONSE:
Citrixguy
Aug 4, 09 10:48 AM CDT
Really...just think about it. Ruth Madoff porn, "Screw a Madoff". people will buy that. Use the monry to pay back investers
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