Saturday, 30 August 2014
Last updated 18 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...