Saturday, 28 November 2015
Last updated 4 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…