• 11 Feb 2009 at 11:28 AM

This Proves NOTHING

By William Richards

Bernard Madoff’s wife, Ruth, withdrew $15.5 million from a Madoff-related brokerage firm in the weeks before her husband’s arrest, according to the Massachusetts Secretary of State.
A complaint filed Wednesday by Secretary William Galvin’s office said Ruth Madoff withdrew $5.5 million on Nov. 25 and $10 million on Dec. 10, according to documents from Cohmad Securities, which was co-owned by Mr. Madoff and which the Massachusetts office is investigating. Mr. Madoff was arrested Dec. 11 on allegations of perpetrating a massive Ponzi scheme.–WSJ

Comments (27)

  1. 1
    Posted by guest | February 11, 2009 at 11:33 AM

    Absolutely proves nothing. Those dates are so close to Hanukkah, surely that money was for Tiffany bill.

  2. 2
    Posted by guest | February 11, 2009 at 11:33 AM

    It seems there’s a correlation between job losses and comments on DB…folks don’t comment as much anymore…perhaps all the bloggers have been canned. Bess, do you have another niche in mind?

  3. 3
    Posted by guest | February 11, 2009 at 11:34 AM

    RUN BITCH, RUN!
    -Dave C.

  4. 4
    Posted by guest | February 11, 2009 at 11:34 AM

    vaginoplasty

  5. 5
    Posted by guest | February 11, 2009 at 11:35 AM

    talk about claw backs maybe the boys and Peter should be looked at for all the transfer of funds prior to 12/11.
    How much did Peter give his wife??

  6. 6
    Posted by guest | February 11, 2009 at 11:39 AM

    Used to pay for the bail?
    The act of it being withdrawn is nothing. What was then done with it?

  7. 7
    Posted by guest | February 11, 2009 at 11:40 AM

    Sounds like a harmless coincidence to me. There are various reasons why someone might withdraw money from brokerage accounts.

  8. 8
    Posted by guest | February 11, 2009 at 11:40 AM

    When the Lycans rise again, the clawbacks will be too much to bear for many of the former wall street elites

  9. 9
    Posted by guest | February 11, 2009 at 11:43 AM

    the boys moved money:
    buying new homes
    buying a fishing company
    starting MADOFF ENERGY

  10. 10
    Posted by guest | February 11, 2009 at 11:54 AM

    GYPSIES>>>FAMILY OF LIARS AND CHEATS>>>>> SCUMBAGS

  11. 11
    Posted by Clown Capital | February 11, 2009 at 11:55 AM

    @3
    Dude,
    That shit was absolutely hilarious for those who caught it. LOL

  12. 12
    Posted by guest | February 11, 2009 at 11:58 AM

    margin call?

  13. 13
    Posted by guest | February 11, 2009 at 12:17 PM

    Nah, its cool…all the wives of CEOs are finding that their personal assets are much greater…its the cool thing to do these days.
    –
    Unemployed? Get a free t-shirt!
    http://freeagents.ning.com

  14. 14
    Posted by guest | February 11, 2009 at 12:26 PM

    “It seems there’s a correlation between job losses and comments on DB…folks don’t comment as much anymore…perhaps all the bloggers have been canned.”
    has your brain been canned? the “bloggers” who run the site are right here.
    folks don’t comment as much anymore? really? would that be why most posts generate, on average, at least 40 comments?

  15. 15
    Posted by guest | February 11, 2009 at 12:59 PM

    @12, for those of us who didn’t catch the ref in #3, can you spell it out? :)

  16. 16
    Posted by guest | February 11, 2009 at 1:02 PM

    Just good timing. It runs in the family.

  17. 17
    Posted by guest | February 11, 2009 at 1:10 PM

    “Well, that is a pretty big coincidence.”
    “There are no big coincidences or small coincidences, just coincidences”

  18. 18
    Posted by guest | February 11, 2009 at 1:19 PM

    Was Sir Grateful Ed involved in this?

  19. 19
    Posted by guest | February 11, 2009 at 1:38 PM

    @ Clown Capital
    When I typed that out, I was wondering if there was anyway to put a picture of the Wayne Brady death stare in the post.
    @ 16
    Do yourself a favor and watch every episode of the Chappelle show. If you too are in finance, you have the time.
    -Nominate me

  20. 20
    Posted by guest | February 11, 2009 at 1:42 PM

    how bout Bernies attorney Ike Sorkin.
    Sorkin had a Madoff account for his father rolled into an IRA for his mom. This account was then cashed out and distributed to his 2 sons about a year before it all blew up.
    Talk about inquiry notice, this guy was in bed with Bernie for over 25 years!
    The receiver ought to be looking at that for fraudulent conveyance and a clawback

  21. 21
    Posted by guest | February 11, 2009 at 1:45 PM

    @ 16
    http://www.youtube.com/watch?v=YqHjoyjKQ5I

  22. 22
    Posted by guest | February 11, 2009 at 2:14 PM

    Y’all followin’ the stuff about Stanford International Bank, Sir Stanford Shady, today’s collapse of its financing Emageon (EMAG), its suspicious returns, etc.?

  23. 23
    Posted by guest | February 11, 2009 at 3:04 PM

    http://caracasgringo.wordpress.com/2009/02/11/dalmady-to-stanford-international-bank-show-me-the-money/
    Dalmady wants to be the new Markopolos, and Sir Allen Stanford to be the (alleged) new (alleged) Madoff.
    Stories are sprouting all over….

  24. 24
    Posted by guest | February 11, 2009 at 3:11 PM

    dick fuld’s wife is going to get a $15,000 tax credit on top of buyin ga $14 million house for only $100. it’s nice to be a jew, at least when the judges are all in manhattan.

  25. 25
    Posted by guest | February 11, 2009 at 3:45 PM

    Oh–the “I’m Bernie Madoff, Trust Me” blog has Sir Allen writing Madoff today about Ruth’s withdrawals. It’ll get around.

  26. 26
    Posted by guest | February 11, 2009 at 4:24 PM

    Well it seems we have to kill her now as well. Pity. Ax?
    - Russian Hitman.

  27. 27
    Posted by guest | February 11, 2009 at 11:15 PM

    We oughta just waterboard the old Coot. Find out who was in on it with him and where he stashed the loot. He would last about a minute before he would be squealing like a baby.

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