Quantcast

Jewish Journal

JewishJournal.com

February 11, 2009

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

http://www.jewishjournal.com/blog/item/madoffs_wife_reportedly_withdrew_155_million_before_his_arrest_20090211/

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.

JewishJournal.com is produced by TRIBE Media Corp., a non-profit media company whose mission is to inform, connect and enlighten community
through independent journalism. TRIBE Media produces the 150,000-reader print weekly Jewish Journal in Los Angeles – the largest Jewish print
weekly in the West – and the monthly glossy Tribe magazine (TribeJournal.com). Please support us by clicking here.

© Copyright 2014 Tribe Media Corp.
All rights reserved. JewishJournal.com is hosted by Nexcess.net
Web Design & Development by Hop Studios 0.2684 / 45