Ruth Madoff Is ‘Embarrassed and Ashamed,’ ‘Betrayed and Confused’

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In the wake of her husband being sentenced to 150 years in prison, Bernie Madoff’s wife, Ruth, has at last broken her silence and released a statement through her attorney, Peter Chavkin, because, she says “my reluctance to speak has been interpreted as indifference or lack of sympathy for the victims of my husband Bernie’s crime, which is exactly the opposite of the truth.” Other than some redundancies (embarrassed and ashamed?), it’s pretty carefully worded. For instance, she is careful not to reveal when she learned of the fraud:

From the moment I learned from my husband that he had committed an enormous fraud, I have had two thoughts - first, that so many people who trusted him would be ruined financially and emotionally, and second, that my life with the man I have known for over 50 years was over. Many of my husband’s investors were my close friends and family. And in the days since December, I have read, with immense pain, the wrenching stories of people whose life savings have evaporated because of his crime.


Interesting. She goes on to say that she empathizes with the victims, as she, too, was betrayed.

Like everyone else, I feel betrayed and confused. The man who committed this horrible fraud is not the man whom I have known for all these years.


Except, actually, it was? Read the whole statement, after the jump.



Interesting. She goes on to say that she empathizes with the victims, as she, too, was betrayed.

Like everyone else, I feel betrayed and confused. The man who committed this horrible fraud is not the man whom I have known for all these years.


Except, actually, it was? Read the whole statement, after the jump.


Statement of Ruth Madoff