Family & Relationships Marriage & Divorce

Bernard Madoff"s greed destroyed his marriage and his sons" lives.

Ruth Madoff, written statement: “I am embarrassed and ashamed. Like everyone else, I feel betrayed and confused. The man who committed this horrible fraud is not the man whom I have known for all these years.”
Source: Jack Healy. "Madoff Sentenced to 150 Years for Ponzi Scheme." NYTimes.com. 6/29/2009.

Bernard Madoff at sentencing hearing: "How can you excuse lying to and deceiving your wife who still stands by you?"
Source: Aaron Smith.

"Madoff sentenced to 150 years." Money.cnn.com. 6/29/2009.

Eleanor Squillari: "Her [Ruth] apparent insecurity was surprising, but it was there, especially when it came to Bernie. She wanted to be perfect for him. She would never allow herself to gain weight or have a hair out of place, and she always kept an eagle eye on him, especially when he was around young, attractive women."
Source: Mark Seal, Eleanor Squillari. "What the Secretary Saw." VanityFair.com. June 2009.

Randy Cohen: "Marriage is a partnership. If you reap its rewards, you bear some responsibility for the way they accrue ... She seems bright; she seems capable; she seems to have transferred millions of dollars just before his arrest. She was not entirely detached from his affairs."
Source: Randy Cohen. "Ruth Madoff's Duty" NYTimes.com. 4/28/09.

David Segal: "To friends, they were “Bernie-and-Ruth” or “Ruth-and-Bernie,” a pair so inseparable that you wouldn’t mention one without the other. After nearly 50 years of marriage, they worked in the same Midtown Manhattan office, they traveled together, and they dined together night after night, just the two of them ...

She wears a simple wedding band, rather than the oversize diamond that is the ring of choice among New York’s moneyed elite."
Source: David Segal, Alison Leigh Cowan. "Madoffs Shared Much; Question Is How Much." NYTimes.com 1/14/2009.

Rachel Silverman: "It’s hard to imagine being married to someone for decades and notknow what he was up to. As one childhood friend of Ruth’s and an investor in Madoff’s hedge fund told the Times: “All I will say on the subject is that it’s hard to imagine that she could live with the guy for 50 years and have no inkling.”
Source: Rachel Emma Silverman. "Madoff's Marriage and the Secrets Between Spouses." Wsj.com. 2/16/2009.

Douglas Feiden: "The girls among the 512-student Class of 1956 held little interest for Madoff because he had already met his future wife, the perky Ruth Alpern, from the Class of 1958.
Source: Douglas Feiden. "Bernie Madoff had a job saving lives, now he's killed dreams." NYDailyNews.com. 12/21/2008.

Ruth: "After college I married Bernie Madoff, FRHS class of '55,'" she wrote in an update for the 50th reunion of the Far Rockaway High School in Queens. "Bernie and I worked together in the investment business he founded in 1960."
Source: "Times Topics: Ruth Madoff." NYTimes.com.

Julie Creswell: "He [Bernard] was, for instance, an avid collector of vintage watches and took time each morning to match his wedding ring — he owned at least two — to the platinum or gold watch band he was wearing that day."
Source: Julie Creswell, Landon Thomas Jr. "The Talented Mr. Madoff." NYTimes.com. 1/24/2009.

Diana Henriques: "With his wife, Ruth Madoff, a nutritionist and cookbook editor, they were considered affable and charming people. "They stood out," Reisman said. "Success, philanthropy, esteem - and, if you were lucky enough to be with him as an investor, money."
Source: Diana Henriques. "Vast Wall St. scheme knew no boundaries." International Herald Tribune. 12/22/2008. pg 12.

Mark Seal: "According to one observer, Ruth allegedly did not allow her husband to travel alone for more than one day. “She didn’t let Bernie out of her sight.”
Source: Mark Seal. "Madoff's World." VanityFair.com. 4/2009.

Keith Dovkants: "Anger over Madoff's fraud is running high and a lot has been directed against the Madoffs as a couple. A Palm Beach socialite said Ruth played a crucial role in getting people to invest. She said: "They were a real pair at the country club." Networking among very rich people there is about the best on earth. When there is a cocktail party, husbands always bring their wives and people would try to get to Bernie through Ruth."
Source: Keith Dovkants. "How I was stung by the oh so charming Madoffs ..." The Evening Standard. 12/22/2008. pg 20.

Lord Jacobs: Now friends, such as Lord Jacobs, are left wondering how much the elegant and highly-likeable Mrs Madoff knew about what was happening. "It seems impossible that he could have acted alone," Lord Jacobs said. "I found Ruth a rather quiet lady, concerned with her charity work. But she's certainly no fool and his sons were closely involved in the business." Investigators working for the Securities and Exchange Commission have discovered evidence that Mrs Madoff, 67, monitored financial transactions in her husband's firm. It was also reported in New York that the SEC had discovered her name on a number of deals."
Source: Keith Dovkants. "How I was stung by the oh so charming Madoffs ..." The Evening Standard. 12/22/2008. pg 20.

Mark Seal: "Their wedding was described as a "very nice Jewish wedding-sit-down dinner ..."
Source (includes photo of Bernie and Ruth Madoff): Mark Seal. "Madoff's World." VanityFair.com. 4/2009.

Joseph Kavanau: "... the first home Mr. Madoff shared with his bride was a modest, one-bedroom apartment in Bayside, Queens."
Source: Julie Creswell, Landon Thomas Jr. "The Talented Mr. Madoff." NYTimes.com. 1/24/2009.

Ruth and Bernie Madoff Marriage Profile

Madoff Marriage News Updates

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