May 22, 2012

Ruth Madoff Forfeits Her Fortune

Posted on June 29, 2009 by in Finance

Ruth Madoff Forfeits Her Fortune

Ruth Madoff, the wife of Bernhard Madoff, the creator of the $65 billion ponzi scheme, the largest ever recorded, has agreed to give up her claim to more than $80 million worth of assets, for being allowed to keep just $2.5 million cash. This amount of money would have been considered only pocket change by [...]