The wife of imprisoned Ponzi-schemer Bernie Madoff may be down to her last $2.5 million after federal authorities seized all the assets they could tie to the crime.
Nevertheless, the trustee appointed to oversee the Madoff bankruptcy case is suing Mrs. Madoff for nearly $45 million, claiming she received “fraudulent” transfers of her husband’s ill-gotten gains over the years.
Irving Pickard, the trustee appointed by the U.S. Bankruptcy Court in New York, ”is alleging that she should have to give up her remaining money even if she was completely unaware of her husband’s crimes,” Mrs. Madoff’s attorney said in a statement.
Pickard wrote in the lawsuit that it’s a simple matter of equity: “While Madoff’s crimes have left many investors impoverished and some charities decimated, Mrs. Madoff remains a person of substantial means.”
And if not, I’m sure they’ll be happy to take care of Mrs. Madoff at Just Right Motors.