Bernard Madoff's Wife Talks

It's well known that Bernard Madoff, now serving a 150-year prison sentence for a nearly $65 billion Ponzi scheme, is one of the greatest swindlers of all time. It's less well known that he also ran an honest and successful market-making business, that he was one of the fathers of the NASDAQ stock market and that he pioneered the practice of trading firms paying retail brokers for the right to execute their customers' trades .

I wasn't trying to defend Ruth so much as explain how it could be possible she didn't know. But she unquestionably had a hard time decoupling from Bernie, having been with him since the age of 13. Some in the family likened it to having been in a cult and requiring deprogramming. She chose to believe his initial denials minimizing the scope of the fraud. [Bernie's brother] Peter Madoff 's wife, Marion, told a source:"Ruth will always choose Bernie over the kids.

Sources close to Ruth Madoff 's legal team still believed she only learned of any criminality in that same meeting with her sons. They assumed Bernie might have told her things were suddenly coming to an end and to take out the $10 million but that the actual full confession took place during the meeting with Mark and Andy. Her legal team provided me with an interesting insight into Bernie's psyche: that it was perfectly in keeping with Bernie's character to keep Ruth ignorant.

It's too bad that he died do soon. Before all his swindled people reviewed all their money back. He should have served his time in a maximum security prison not a Minimum Security prison. He never really showed any real remorse for what he had done to his clients only to family.

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