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Lynnie

SoWal Insider
Apr 18, 2007
8,151
434
SoBuc
Ruth Madoff made withdrawls of $5.5 million from Cohmad Securities on November 25th, 2008, and another $10 million on December 5th, the day before husband Bernie was arrested. Cohmad was a firm co-owned by Bernie Madoff.

I don't see how Ruth can claim any exempt personal assets since all of it was obtained with money stolen from others.

Walter Noel, and the Fairfield Greenwich group is now claiming to be a victim, but they were receiving huge fees just to steer people into Madoff funds, while claiming to be diversified asset managers. He and his family make fascinating reading.

This month's Vanity Fair has lengthy articles about the lifestyles of the Noels, and the Madoffs.


Seems like they could nail her, but criminals are very intelligent and perhaps Madoff studied the law before allowing/agreeing for her to take the money. Could be off shore by now as well.
 

Bob

SoWal Insider
Nov 16, 2004
10,366
1,391
O'Wal
Shouts & Murmurs: Tails of Manhattan: Humor: The New Yorker of Manhattan
by Woody Allen March 30, 2009


Two weeks ago, Abe Moscowitz dropped dead of a heart attack and was reincarnated as a lobster. Trapped off the coast of Maine, he was shipped to Manhattan and dumped into a tank at a posh Upper East Side seafood restaurant. In the tank there were several other lobsters, one of whom recognized him. ?Abe, is that you?? the creature asked, his antennae perking up.

?Who?s that? Who?s talking to me?? Moscowitz said, still dazed by the mystical slam-bang postmortem that had transmogrified him into a crustacean.

?It?s me, Moe Silverman,? the other lobster said.

?O.M.G.!? Moscowitz piped, recognizing the voice of an old gin-rummy colleague. ?What?s going on??

?We?re reborn,? Moe explained. ?As a couple of two-pounders.?

?Lobsters? This is how I wind up after leading a just life? In a tank on Third Avenue??

?The Lord works in strange ways,? Moe Silverman explained. ?Take Phil Pinchuck. The man keeled over with an aneurysm, he?s now a hamster. All day, running at the stupid wheel. For years he was a Yale professor. My point is he?s gotten to like the wheel. He pedals and pedals, running nowhere, but he smiles.?

Moscowitz did not like his new condition at all. Why should a decent citizen like himself, a dentist, a mensch who deserved to relive life as a soaring eagle or ensconced in the lap of some sexy socialite getting his fur stroked, come back ignominiously as an entr?e on a menu? It was his cruel fate to be delicious, to turn up as Today?s Special, along with a baked potato and dessert. This led to a discussion by the two lobsters of the mysteries of existence, of religion, and how capricious the universe was, when someone like Sol Drazin, a schlemiel they knew from the catering business, came back after a fatal stroke as a stud horse impregnating cute little thoroughbred fillies for high fees. Feeling sorry for himself and angry, Moscowitz swam about, unable to buy into Silverman?s Buddha-like resignation over the prospect of being served thermidor.

At that moment, who walked into the restaurant and sits down at a nearby table but Bernie Madoff. If Moscowitz had been bitter and agitated before, now he gasped as his tail started churning the water like an Evinrude.
 
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