On Dec. 10, the day before Bernard Madoff was arrested, his wife, Ruth, withdrew $10 million from a brokerage firm partly owned by her husband, according to a state regulatory complaint filed in Boston.
NEW YORK — On Dec. 10, the day before Bernard Madoff was arrested, his wife, Ruth, withdrew $10 million from a brokerage firm partly owned by her husband, according to a state regulatory complaint filed in Boston.
It was her second withdrawal in less than three weeks. The first one, Nov. 25, had been for $5.5 million, the complaint said.
Federal prosecutors have cited Dec. 10 as the day Bernard Madoff confessed to his sons that he had been running a huge Ponzi scheme whose losses could approach $50 billion. After that conversation, the sons alerted law enforcement and Bernard Madoff was arrested the next morning.
Both withdrawals were made from Ruth Madoff's accounts at Cohmad Securities, a firm co-founded and partly owned by Bernard Madoff. Cohmad has been under investigation by William Galvin, the top securities regulator in Massachusetts, since soon after Madoff's arrest.
Ira Lee Sorkin, a lawyer for Bernard and Ruth Madoff, declined to comment.
http://seattletimes.nwsource.com/html/nationworld/2008735237_wife12.html
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