Wednesday, February 11, 2009
Ruth Madoff can see into the future
And her gift allowed her to see that she and Bernie would be needing cash in the near future.
The day before the disgraced financier Bernard L. Madoff was arrested, his wife, Ruth, withdrew $10 million from an account at a brokerage firm with close ties to her husband, according to records released on Wednesday by state securities regulators in Boston.Wow! The very day before "Pops" is popped she replenished the cash drawer. That Bernie sure is a lucky man.
That day, Dec. 10, was the same day that federal prosecutors say Mr. Madoff confessed to his sons in a midday conversation that his apparently thriving investment advisory business was a Ponzi scheme with losses as high as $50 billion. The sons reported the conversation to the prosecutors late in the afternoon, and Mr. Madoff was arrested the next morning.
Mrs. Madoff also shows up in the records of Cohmad Securities, the firm tied to her husband, with a withdrawal of $5.5 million on Nov. 25, less than three weeks before the arrest.
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