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Corporate & Securities Law

: Representing Investors

Ruth Madoff Withdrew $15.5 Million Right Before Husband?s Fraud Arrest

By Keith Griffin

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Only hours before money swindler Bernie Madoff was arrested on securities fraud charges, his wife pulled $15 million out of a brokerage account. According to a complaint filed Feb. 11 by Massachusetts Secretary of State William Galvin, Ruth Madoff withdrew $5.5 million on Nov. 25 and $10 million on Dec. 10 from Cohmad Securities. On [...]

Full post as published by Representing Investors on February 11, 2009 (boomark / email).

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