Ruth Madoff, Bernie Madoff's wife, Says Swindled Investors Shouldn't Get Any of Her Cash

Boohoo, Ruth Madoff, the wife of scumbag extraordinaire Bernard Madoff, is crying about their precious money. Never mind that fact that her husband robbed thousands of investors to the tune of $50 billion, she's scratching and kicking for the $62 million she supposedly squirreled away, saying that that doesn't belong to them. The question I have is why hasn't she been investigated for this mess?

Lawyers for accused swindler Bernie Madoff claim the money and a penthouse apartment are his wife's, have nothing to do with any scheme and shouldn't be subject to forfeiture, according to documents filed in Manhattan Federal Court.

"They maintain that some of the assets ... are unrelated to the alleged Madoff fraud and only Ruth Madoff has a beneficial ownership interest in these assets," wrote Manhattan Federal Judge Louis Stanton on Monday after reviewing the documents.

Bernie Madoff's lawyers yesterday agreed to lift a freeze on some of the disgraced investment guru's assets so that the trustee hunting for lost Madoff cash can pay back ripped-off customers. But the lawyers refused to let go of Ruth Madoff's interest in the E. 64th St. apartment, valued at $7 million, as well as $45 million in municipal bonds controlled by Cohmad Securities and $17 million in a Wachovia account.

On Feb. 11, a Massachusetts state regulator revealed that Ruth Madoff withdrew some $15 million from a Cohmad Securities account in the weeks and days before her husband's Dec. 11 arrest.

Cohmad is partially owned by Madoff and regulators claim he paid brokers who raised money for him through Cohmad. Over the past eight years, Madoff's New York investment firm paid Cohmad $67 million, nearly 84% of the firm's income over that period, Massachusetts regulators say. Source: NY Daily News

As you know, she has not been criminally charged in this financial debacle and it is being reported that federal regulators continue to probe others who may have been involved in this Ponzi scheme. You see, Mrs. Madoff doesn't care one bit about the people her husband made penniless and her actions should not be taken lightly. She enjoyed the spoils of her husband's actions and all their money should be taken away, much like what happened to that 90-year old man who had to go back to work after losing all his retirement savings at the hands of Bernie Madoff. Ruth Madoff is just being greedy and selfish. Why she isn't charged with being an accessory to this crime is beyond me. Of course, she will claim complete ignorance in the matter.