When Bernie Madoff confessed to his $50 billion Ponzi scheme, he didn’t just ruin his own life– he took his wife Ruth’s down with him. Though she has never faced charges and will never go to jail for it, Ruth Madoff has paid dearly for her husband’s decision to run a pretty sizable scam and then go public with it. As his fake returns financed the couple’s Manhattan penthouse, Montauk home, yacht and every other spot Ruth might go to max and relax and forget about all this, those were seized by the government, as was more spending money than she would’ve cared to part with. I don’t want to go too much into it, as the wound is not yet healed, so I’ll just remind you this woman was only given something like $2.5 million to get by. But worse than straddling the poverty line has been the blow to Ruth Madoff’s reputation. The woman can’t buy cheese without people mentioning that, her colorist won’t speak to her let alone give her that buttery blonde that needs to be maintained every 6 weeks, and even Ivan Boesky’s ex, who knows from the taint associated with banging white collar criminals, has been told to stay away. Basically, the woman is a leper. But she’s hoping that perhaps after hearing what she’s been up to, you’ll change your tune on ole Ruth Madoff. Continue reading »