Thursday, April 23, 2009

THIS BITCH CANT BE SERIOUS

this is truly mind boggling to me this cougar bitch has made off (ironic) with over 60 million.we all know that say old bernie was pushin that booger sugar there would be no salvaging any type of funds,and lets not forget there was an estimated 15 million withdrew from his bank previous to his arrest that has not been accounted for..some of these people have had to come out of retirement to continue feeding themselves and this bitch chills in her penthouse talkin ahit and swallowing spit all god damn day ....im pissed and you should be too






Broken victims of her husband's suspected Ponzi scheme are fighting for pennies on the dollar, but Ruth Madoff says $62 million she squirreled away is none of their business.

Lawyers for accused swindler Bernie Madoff claim the money and a penthouse apartment are his wife's, have nothing to do with any scheme and shouldn't be subject to forfeiture, according to documents filed in Manhattan Federal Court.

"They maintain that some of the assets ... are unrelated to the alleged Madoff fraud and only Ruth Madoff has a beneficial ownership interest in these assets," wrote Manhattan Federal Judge Louis Stanton on Monday after reviewing the documents.

Bernie Madoff's lawyers yesterday agreed to lift a freeze on some of the disgraced investment guru's assets so that the trustee hunting for lost Madoff cash can pay back ripped-off customers.

But the lawyers refused to let go of Ruth Madoff's interest in the E. 64th St. apartment, valued at $7 million, as well as $45 million in municipal bonds controlled by Cohmad Securities and $17 million in a Wachovia account.

On Feb. 11, a Massachusetts state regulator revealed that Ruth Madoff withdrew some $15 million from a Cohmad Securities account in the weeks and days before her husband's Dec. 11 arrest.

Cohmad is partially owned by Madoff and regulators claim he paid brokers who raised money for him through Cohmad. Over the past eight years, Madoff's New York investment firm paid Cohmad $67 million, nearly 84% of the firm's income over that period, Massachusetts regulators say.

Ruth Madoff has never been criminally charged in her husband's alleged fraud, but federal investigators continue to probe others who may have had a hand in a $50 billion Ponzi scheme that's been called the largest in the nation's history.

In addition to the Manhattan apartment, Ruth Madoff owns a home in Palm Beach, Fla., and the Madoffs share ownership of another home in Montauk, L.I., according to Manhattan federal prosecutors.

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