Ruth Madoff’s $62 Million Nest Egg


Bernie Madoff’s lawyer, Ira Lee Sorkin, filed a request yesterday asking prosecutors be barred from seizing the Madoffs’ New York City apartment and $62 million in bonds and cash they say belong to Mr. Madoff’s wife, Ruth, and “are unrelated to the fraud.” We’d love to see them explain exactly how they are unrelated. Is this chunk of change leftover royalties from Great Chefs of America Cook Kosher? No, in fact, Ruth’s money is the same money she withdrew the day before Bernie’s arrest, plus $45 million in bonds at Cohmad Securities, the brokerage firm part-owned by her husband. So really, it’s not “her” money, at all, but these people’s money. According to the Times, the request was “acknowledged, but not granted” by the court, which we hope means they smiled politely, then stealthily dialed the men in white jackets to come take Sorkin away.

Ruth Madoff’s Lawyers Try to Have Her Retain Assets [NYT]