Ruth Madoff was ‘spending $60k a MONTH before Bernie’s arrest & withdrew $10MILLION on day Ponzi scheme was exposed’
BERNIE Madoff's wife dished about her once caviar lifestyle and how in 2008, one day after her husband's con was exposed, she withdrew $10million.
Before Bernie's demise on Wednesday at 82 years old, the convicted fraudster kept a steady correspondence with a reporter who also won over his wife, Ruth.
That topped Bernie’s younger brother’s $19,990 spending amount. The couples’ oldest son, Mark, spent $10,000 and Andrew accrued $7,800.
All told, the family enjoyed a joint credit line of $200,000, the paper reported.
The faucet of information carried on for months until both Madoffs went quiet a year ago when Bernie tried to launch a bid to win compassionate release from prison.
"I don't think Ruth would ever be able to completely decouple from him," Campbell told the Mail.
And just as investors and the authorities were surrounding the Madoffs, Campbell reported that Ruth rushed to the bank to withdraw $10million out of one of her husband’s businesses, called Cohmad Securities, following the delivery of Christmas gifts to staffers.
Today, Ruth has come down from her princess perch.
Following the 2009 conviction of her husband for securities fraud, investment adviser fraud, mail fraud, wire fraud, money laundering, false statements, perjury, false filings with the SEC, and theft from an employee benefit plan, Ruth forfeited a good portion of her wealth and moved to Boca Raton, Florida, to shack up with her sister.
Two years later, Ruth moved into her youngest son Andrew's Old Greenwich home.
Both of the couple's sons died before them: Andrew from cancer at age 48 and Mark from suicide at age 46 in 2010.
After Andrew's death, Ruth moved into a humbler condo complex in the same town.
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Today, she appears to have returned to her old form, rooming in a posh , with her former daughter-in-law's family.