Share this story
Close X
Switch to Desktop Site

Next target of Madoff case: his wife?

About these ads

Once Bernard Madoff gets sentenced on June 29th for his $64 billion Ponzi scheme, will the government turn its fury on his wife?

Some lawyers representing Ruth Madoff victims think that's the plan.

“The FBI is investigating,” says Jerry Reisman, a Long Island attorney who represents 16 victims, some of whom have been questioned by investigators.

“They are calling the victims and a number of other people,” says Mr. Reisman who thinks the only reason nothing has happened so far is that the government “wants to complete the investigation and make sure there are not any mistakes or errors to cause a reversal.”

Mrs. Madoff has not been charged with any crime at this point. Waiting outside the jail where Madoff is incarcerated, an ABC News crew tried to get a comment from Mrs. Madoff. She declined.

Why the delay?

One of the questions surrounding the case is why investigators are taking so long in charging her – or clearing her. A story on Monday in the Financial Chronicle said Ruth has not been questioned by federal prosecutors.

The US attorney’s office has probably asked to talk to her, Mr. Reisman says. But he believes her lawyers have rejected the idea, unless it is part of a cooperation agreement. Reisman believes the reason there has been no civil lawsuit against Ruth is to prevent a possible conflict in case of a criminal case. “Whatever comes out of the civil suit could possibly hurt the prosecution if they conclude she committed a crime,” he says.

If prosecutors are looking at Ruth, they are not waiting for her husband’s sentencing, says Robert Mintz, a former assistant district attorney in New Jersey.


Page:   1   |   2

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.