Madoff’s Wife Withdrew $15.5 Million Before His Fraud Arrest
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By Matthew Keenan
Feb. 11 (Bloomberg) -- Bernard Madoff’s wife withdrew $15.5 million from a brokerage account late last year, including $10 million on the eve of his arrest for securities fraud, according to a complaint filed by Massachusetts securities officials.
The complaint today by Secretary of the Commonwealth William Galvin said Ruth Madoff removed $5.5 million on Nov. 25 and $10 million on Dec. 10. Bernard Madoff was arrested Dec. 11 for allegedly operating a $50 billion Ponzi scheme.
To contact the reporter on this story: Matthew Keenan in Boston at mkeenan6@bloomberg.net.
Email | Print | A A A
By Matthew Keenan
Feb. 11 (Bloomberg) -- Bernard Madoff’s wife withdrew $15.5 million from a brokerage account late last year, including $10 million on the eve of his arrest for securities fraud, according to a complaint filed by Massachusetts securities officials.
The complaint today by Secretary of the Commonwealth William Galvin said Ruth Madoff removed $5.5 million on Nov. 25 and $10 million on Dec. 10. Bernard Madoff was arrested Dec. 11 for allegedly operating a $50 billion Ponzi scheme.
To contact the reporter on this story: Matthew Keenan in Boston at mkeenan6@bloomberg.net.
