Ruth Madoff Pays Bernie First Visit in Jail

(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. More»

But he is in the doghouse with Ruth

(NEWSER) - The New York Post got a little excited on today's front page, promising a look "Inside Madoff’s Prison Hell." But that turns out to be a bit of wishful thinking: “Some of the guys were talking about smacking him around a little, just to get the notoriety of it,” says a source, but no beatdown actually occurred—and in fact, the Post reports, “he got a lot of respect from other inmates” for not being a snitch. More»

$11M Palm Beach pad will be sold to pay pack Ponzi scheme victims

(NEWSER) - Federal authorities seized Bernard Madoff's Florida mansion yesterday shortly after confiscating his two yachts, the New York Daily News reports. US marshals and Palm Beach police took over the five-bedroom $11 million mansion—which is in Ruth Madoff's name—as part of an effort to seize as many Madoff assets as possible to repay defrauded investors. The Madoffs also own a $7 million Manhattan penthouse, a $3 million Long Island home and a $1 million chateau in France. More»

List reveals couple's homes, cash, luxury goods mostly in Ruth's name

(NEWSER) - A list of the Madoffs' assets released yesterday falls a long way short of the tens of billions investors and prosecutors are looking for, the Wall Street Journal reports. A $700 million valuation for Bernard Madoff's investment business made up the bulk of the roughly $826 million in assets listed, with the rest, including several houses, mostly in his wife Ruth Madoff's name. More»

Lawyers for scammed clients seek source of Ruth's fortune

(NEWSER) - Lawyers representing some of Bernie Madoff’s victims are stumped by his legal team's claim that $70 million of his wife’s assets have nothing to do with his scam, Reuters reports. So far Ruth Madoff—who hasn't been charged with a crime—hasn't had to detail the source of her millions. She had no official role in her husband's business and is known more for co-authoring a cookbook (which was far from a bestseller) than for Wall Street wizardry. More»