Will 10 Others Be Charged in Madoff Case?
The Associated Press reported this morning that Federal Authorities are pressing a probe of 10 associates connected to Benard Madoff. As of now, there are no details regarding who the 10 people will be. It is impossible to believe Madoff swindled people for 10 plus years and know one else knew of his disgraceful scheme. I understand that the man made a name for himself on Wall Street but come on people, this man was living like a King.
Only Madoff himself and one accountant have been charged in the case so far. I believe there’s no way possible for Madoff’s wife Ruth to not have had any knowledge of what was going on. For goodness sakes, her office was right beside her husband’s and her name has reportedly been found on related transactions that are being investigated by the SEC. In addition, Madoff’s secretary said that Ruth was devoted to her husband and participated in the company’s daily operation.
On another note, I’m sure Madoff has done what he could to keep his wife as well as some of his “dirty” money safe. If you think about it, it’s obvious this husband and wife duo kept loyal to each other in order for this scheme to continue. Now I am not accusing Ruth Madoff of collaborating with her husband in one of the greatest Ponzi Schemes in recent years because as we all know everyone is innocent until proven guilty; however I wouldn’t be surprised if information surfaced regarding Ruth Madoff’s involvement.
