This is Ruth Madoff. She’s the wife of Bernie Madoff, who allegedly ripped off thousands of investors in a ponzi scheme. Read her biography, see photos, and watch a video below.
Ruth Madoff is the socialite wife of Bernard L. Madoff who has been accused by federal officials of running a $50 billion investment fraud known as a Ponzi scheme in the largest investor fraud of Wall Street ever.
Her lawyer argues that $70 million in assets — which include their Manhattan apartment, $45 million in bonds and $17 million in cash — are in Ruth Madoff’s name, are separate from that of her husband, and are unrelated to Bernie’s alleged Ponzi scheme. Ruth Madoff has not been charged with any crime; however, there are many questions as to just where she got all that money to have those kinds of assets in the first place.
Other obvious questions: Do we really believe Ruth knew nothing of her husband’s business? Or more precisely, how much did Ruth Madoff know about what her husband was doing? Was she actively involved in the alleged scheme? It will take time to unravel it all.
Some pundits have gone so far as compared both Ruth Madoff and Patti Blagojevich, the wife of disgraced former governor of Illinois Rod Blagojevich and dubbed them ‘Lady MacBeth’s’ for their craven ambitions for personal gain.
Now it seems Bernie Madoff will cut HIS losses by entering a guilty plea after federal prosecutors indicated they would be bringing new criminal charges against him.
Ruthie Alpern Madoff was born in Queens, New York. She is best known as the wife of financier Bernard Madoff who was her high school sweetheart. They have 2 sons, Mark and Andrew, who are partners at their father’s firm.
She graduated from Queens College in 1961 and holds an MS degree in Nutrition from New York University. Ruth Madoff was one of two executive editors of a kosher cookbook called ‘The Great Chefs of Amica Cook Kosher’ that remains one of the classic kosher cookbooks in the past decade.
Ruth and Bernie Madoff were popular socialites and philanthropists in New York and Florida, where they were members of the exclusive Palm Beach Country Club.
Ruth Madoff joined the board of the Queens College Foundation in 1993 and voluntarily left her job as secretary of the Foundation in December 2008 because of the financial scandal involving her husband.
Despite claims to the contrary, investigators found that Ruth Madoff had maintained an account which mixed personal and fund monies. Investigators have determined that Ruth Madoff withdrew more than $15 million from a brokerage account co-owned by her husband in the weeks before Bernard Madoff was arrested. At this point, there are no charges pending for Ruth Madoff.
The Madoffs were regular contributors to the Democratic Party, donating about $25,000 a year.
Ruth Madoff Video