fraud lies and a tragic end the birdie Madoff Scandal shocked the world but where is his wife today the crisis of 2008 sent the global economy into severe decline a crashing stock market and the plummeting value of retirement accounts were constant stories in the 24-hour news cycle for months as panicked investors waited to see just how low the market was going to go but if one story from this crisis overshadowed any of the panics it was the Bernie Madoff Scandal investigations into Madoff would eventually reveal that the once trusted Wall Street investment advisor had defrauded nearly 40 000 people including citizens of 136 countries it would seem that no one was immune to the wide net of fraud that Madoff had cast Over the decades as people from all walks of life found themselves on his list of victims madoff's historic scheme later landed him in hot water with Federal authorities as you'd probably expect if you were running a 65 million dollar Ponzi scheme in 2009 Madoff pled guilty to 11 federal charges that included investment advisor fraud and money laundering Madoff was remanded into Federal custody soon after to begin serving his 150-year prison sentence he died in April 2021 from terminal kidney failure though A notorious white-collar criminal Madoff was also a husband father and grandfather and the publicity of the Scandal took its toll on his loved ones particularly his wife and sons but who exactly was his wife and what happened to her after the Scandal broke Ruth and Bernie Madoff were high school sweethearts they married when she was just 18. in 1964 several years after graduating from Queen's college with a degree in Psychology Ruth gave birth to their first son Mark another son Andrew followed in 1966. Ruth later became employed by her husband's company Bernard L Madoff investment Securities as the bookkeeper Ruth was never charged with any crimes and received a 2 0.
5 million dollar settlement in exchange for surrendering her claims to her husband's 80 million dollar estate the news of her husband's wrongdoings devastated Ruth in a 2011 interview with 60 minutes she revealed that she attempted suicide on Christmas Eve in 2008. we decided to kill ourselves because it was it was so horrendous she and her husband each took a handful of sleeping pills hoping to end their lives only to wake up the next morning she later stood by her husband throughout his trial and conviction it was very impulsive and I'm glad we woke up shunned from the Manhattan life that she once enjoyed Ruth moved to Florida before later settling in Connecticut swapping a multi-million dollar mansion for a 1 000 square foot apartment it wasn't long before she was living a life of luxury once more however Ruth moved from her small apartment into a 3. 8 million dollar mansion in Old Greenwich in the fall of 2022 A source told the Daily Mail that the house is owned by Susan Elkin Ruth's former daughter-in-law and her husband in the years since her late husband's conviction Ruth has stayed out of the public eye her current 4 000 square foot home has four bedrooms a private Dock and windows that Overlook Greenwich Cove in 2021 the New York Post attempted to secure an interview with Ruth by sending someone to knock on the door of her new home the woman who answered confirmed that Ruth was home but stated that she was not available to talk the rest of the Madoff family spiraled after the conviction of their patriarch Mark Madoff died by suicide in 2010 the youngest son Andrew died from lymphoma in 2014.
