Ruth Madoff Owes $600K In Taxes

2009_08_saveruth.jpg Some more Ruth Madoff news, courtesy the Post: The Ponzi schemer's wife "owes an eye-popping $600,000 in tax penalties and interest... Under a spending agreement filed in Manhattan Bankruptcy Court, the wife of jailed Ponzi schemer Bernie Madoff will be able to spend money only on settling that bill, legal fees and a 'reasonable' amount on living expenses." So we suppose that is coming from the $2.5 million she was allowed to keep. The Post says this "stems" from a deal she made after being sued for almost $45 million, "Ruth has to provide trustee Irving Picard with a 'complete monthly accounting' listing 'any and all income or other assets received,' along with all of her purchases over $100"—like flying to NC to see Bernie in prison—"and her current bank balance." In lesser Ruth news, there's a "Save Ruth" Cafe Press store.

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Comments (3) [rss]

Fortunately for Ruth, her big panties are exempt personal property.

Why does that drawing make her look like the Unabomber?

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