Friday, 26 December 2014
Last updated 2 days ago
Mar 16 2012 | 7:57am ET
Ruth Madoff has ended her exile from the New York area, more than three years after her husband was arrested for running the largest Ponzi scheme in history.
Madoff, who has spent the last few years living in borrowed quarters in Boca Raton, Fla., has traded in those borrowed digs for a new one, in hedge fund hotspot Greenwich, Conn. The Old Greenwich house is owned by her son, Andrew.
"I've moved back to the New York area for one reason: to spend time with my family, particularly Andy and my grandchildren, whom I love dearly," Madoff told the New York Daily News. "This has been a healing period for me."
Prior to her husband's arrest and conviction, the Madoffs lived in a Manhattan penthouse and had homes in the Hamptons and in Palm Beach, Fla. All of those residences—and most of her other assets—were sold off to help repay her husband's victims.
She can't quite escape the glare of her husband's crime, however: The New York Post managed to snap a photo of her hauling in her trash can at her new digs.
Ruth Madoff has not spoken to her husband in more than six months. Bernard Madoff is serving a 150-year prison sentence at a federal facility in North Carolina.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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