Madoff trustee Irving Picard sues Ruth Madoff for at least $44.8M because she lived a "life of...

This news story has 4 comments:

Register or Login to rate comments »

Beyond Trading Comments (134)
 
It's more than fair to sue Ruth Madoff for that reason. Do you really believe she did not know anything?
30 Jul 2009, 01:55 PM Reply Like

Tom Au Comments (6697)
 
The issue is not "did she?" (Of course she did.) That's a "sunk cost."

The issue is "does she?" She's down to $2.5 million of her own money. That's a far cry from $44, which means that the suit is a waste of time.

Unless the idea is to drive her into outright poverty.
30 Jul 2009, 02:06 PM Reply Like

Drew Arnold Comments (197)
 
That just might be the idea.


On Jul 30 02:06 PM Graham and Dodd Investor wrote:

> The issue is not "did she?" (Of course she did.) That's a "sunk cost."
>
>
> The issue is "does she?" She's down to $2.5 million of her own money.
> That's a far cry from $44, which means that the suit is a waste of
> time.
>
> Unless the idea is to drive her into outright poverty.
30 Jul 2009, 02:17 PM Reply Like

blacksilver Comments (100)
 
this is not a waste of time,two years down the road she could have a book deal,tv interveiws.a whole host of money making things could happen.this would keep her from profiting from what has happened
30 Jul 2009, 03:03 PM Reply Like