Ruth Madoff Sued for $45 Milion

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Ruth Madoff Sued for $45 Milion

July 31st, 2009 meg

Ruth Madoff, wife of imprisoned Ponzi schemer Bernard Madoff, has been sued by a court-appointed trustee seeking $45 million in funds to compensate victims.

Trustee Irving Picard claims Ruth received $44.8 million in “fraudulent” transfers during the six years leading up to the bankruptcy of her husband’s investment firm.

Bernard Madoff has been forced to forfeit property to comply with a $170 billion legal judgment.

Ruth Madoff has not been charged with any crime.

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