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Jewish Journal

Madoff’s wife reportedly withdrew $15.5 million before his arrest

by Brad A. Greenberg

February 11, 2009 | 4:00 pm

The Wall Street Journal reports:

Ruth Madoff, the wife of Bernard Madoff, withdrew $15.5 million from a Madoff-related brokerage firm in the weeks before Mr. Madoff’s arrest, according to the Massachusetts Secretary of State.

A complaint filed Wednesday by Secretary William Galvin’s office said Ruth Madoff withdrew $5.5 million on Nov. 25 and $10 million on Dec. 10, according to documents from Cohmad Securities, which was co-owned by Mr. Madoff and which the Massachusetts office is investigating. Mr. Madoff was arrested Dec. 11 on allegations of perpetrating a massive Ponzi scheme.

Mrs. Madoff’s attorney, Ira Sorkin, did not immediately respond to a request for comment.

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