No, really, he did.
Official: Wife pulled $15M before Madoff's arrestI am absolutely, utterly certain that not only were Madoff's whole family--both his sons, and his wife--intimately involved in the rip-off scheme, they knew the end was coming and made arrangements so that "big, bad Bernie" would take the fall, preserving the privileges and perqs for his sons and wife. But the sleazy, scummy, scheming fuckers were ALL in on it...
Glen Johnson, Associated Press Write
2.11.9 – 2 hrs 48 mins agoBOSTON – The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband — including $10 million on the day their children turned her husband over to authorities for overseeing an alleged $50 billion Ponzi scheme, the top securities regulator in Massachusetts said Wednesday.
Secretary of State William Galvin said Ruth Madoff, 67, withdrew $5.5 million on Nov. 25 and $10 million on Dec. 10 — the day before Bernard Madoff was arrested — from Cohmad Securities Corp., a New York firm co-owned by her husband.
The secretary cited wire transfer records produced by Cohmad as proof of the withdrawals. They came as Madoffs' scheme was unraveling as investors filed $7 billion worth of redemption requests.
They also appeared to follow what authorities consider a disturbing trend on the part of the Madoffs to hide money that could be used to reimburse burned investors.
Prosecutors have already said investigators found 100 signed checks worth $173 million that Madoff was ready to send out to his closest family and friends at the time of his arrest in December. Two weeks later, during the Christmas holidays, Madoff sent more than $1 million in jewelry and heirlooms to family and friends.
"We're not accusing her of anything wrong," Galvin spokesman Brian McNiff said of Ruth Madoff. "It's just one of the things that came out in the response, such as it was, from Cohmad" to a subpoena from Massachusetts officials. "Now, what someone in New York or the feds may think of it may be entirely different."
A telephone number listed to Ruth Madoff in Palm Beach, Fla., rang busy and a number in New York had been disconnected. A Cohmad spokeswoman in New York said the company had no comment. Ira Sorkin, a lawyer for Bernard Madoff, said he had no comment on the withdrawals.
In New York, meanwhile, the government and lawyers for Madoff agreed to a 30-day delay in the Wednesday deadline for obtaining a grand jury indictment against the money manager.
The new deadline is March 13.
As he had during a similar extension a month ago, Assistant U.S. Attorney Marc Litt wrote that the government requested the extension "for the purpose of allowing time to conduct additional discussions regarding a possible disposition of this case."