Wednesday, February 11, 2009

Ruth Madoff's Personal Bailout Stimulus Package

The Wall Street Journal is reporting that Ruth Madoff withdrew $15.5 million from hubby, Bernie Madoff's firm in two installments, just before his arrest on December 11th. The Massachusetts Secretary of State is looking into the matter:
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.
Maybe the question we should be asking isn't what did she know, but what the hell didn't she know?

More on the fealty of wives, here.

[via Gawker]

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