Ruth Madoff Sued for $44.8 Million by Trustee

A court-appointed trustee says Ruth Madoff received over $44 million dollars from various Madoff-related companies over the past six years to which she was not entitled and used primarily to "enrich herself." "For decades, Mrs. Madoff lived a life of splendor" on payouts from her husband's investment securities firm and, subsequently, his investors-turned-victims, according to a new filing by court appointed attorney Irving H. Picard, who is tasked with liquidating Madoff's assets to...Full Story
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