Thursday, July 2, 2009

Ruth Madoff, No Fraud Charges--Yet

Amir Efrati of the Wall Street Journal reports that, Federal investigators have concluded for now there is no physical evidence that Ruth Madoff, the wife of convicted swindler Bernard Madoff, actively participated in or concealed her husband's fraud, according to two people familiar with the matter. Ruth Madoff, who has been left with $2.5M from the fraudlent fortune that she built up with her husband has been blacklisted from all social events and even her hair salon. Pictures of Madoff riding the subway isntead of her towncar have flooded the internet. But it looks like Madoff will not join her husband in prision, left to, what some may seem a worst fate but being completely shunned by the world.

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