Monday, June 29, 2009
Janet Jackson, Jamie Foxx and Others Pay Tribute to Michael at BET Awards
Ruth Madoff parts with most of her money
Poor Ruth Madoff. She may have known nothing about her husband's fraud. Right.
Mrs. Madoff gave up most of her claims to cash and property she said was hers.According to The Wall Street Journal, she "has agreed to give up her potential claim to more than $80 million worth of assets, keeping just $2.5 million in cash in an agreement reached with federal prosecutors."
Mrs. Madoff may be giving up most of her fortune, but it is a small price to pay. The government could try to prove that she was aware of her husband's actions. Prosecutors may not have proven the case, but it would have tied Mrs. Madoff up in court proceedings for years.
To "get out of jail free", she gives up her homes in three cities and a number of asset and gets to walk away "poor."
Yeah, "poor" my ass! I'm sure this broad has some money stashed over seas on various accounts and names. She's no fool. And you can believe that she isn't ready to live off of 2.5 million either.
Somebody hire a PI to follow her around 24/7 and you'll see.