Ruth Madoff Won’t Be Prosecuted in Relation to Bernie’s $65B Ponzi Scheme

Prosecutors can’t find any evidence Ruth Madoff  played a role in hubby Bernard Madoff’s illegal business dealings, so they are letting her off the hook.

From NY Post: Federal prosecutors decided not to criminally charge Ruth because they lack evidence that she was either aware of or involved in Bernard Madoff’s scam — which swindled thousands of people and charities out of billions of dollars, said two sources familiar with the case.

That decision comes after an intensive, six-month probe in which investigators scoured financial records and interviewed scores of people.

Ruth will be left with just $2.5 million in cash by federal authorities under that deal.

“In the deal, she lost everything. She’s lost everything she holds dear,” said one source. “She’s lost her husband. She has no friends.”

“She’s persona non grata in Palm Beach, everywhere she cared about. She’s a beaten woman. There’s nothing left on the carcass to take,” the source said.

“They’ve squeezed her dry.”

Lori Sirotkin, a Boca Raton, Fla., resident who lost her life savings to Madoff’s scam, said she was “very disappointed” to hear that Ruth would not be prosecuted.

“My gut feeling is she is not innocent,” said Sirotkin, 52. “After being married to him for so many years, and working in the company, I can’t believe that she was not involved or at least didn’t know.”

Reports say ten more people are being investigated for Bernie’s related swindling activities. What will transpire from these investigations ; remains to be seen. One thing however is for certain ; the Feds don’t want to probe any further into the Madoff scam. If  they did – chances are we would probably have a massive implication of the entire financial, government and political complex in this country and abroad.

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