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

|By:, SA News Editor

Madoff trustee Irving Picard sues Ruth Madoff for at least $44.8M because she lived a "life of splendor" using proceeds from her husband's fraud. Madoff's lawyer calls the suit "perplexing and totally unjustified" since Ruth already forfeited "almost all" the assets named in the complaint.

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