Your husband is off to prison for life for ripping of thousands of people for a total of a billion dollars. You must be devastated. If we weren't living in Bizarro World, the property you bought with all that stolen money would need to be sold so that the victims could at least get a little restitution. Well, Ruth Madoff is retreating to a $9.4 million beach side compound on Palm Beach in Florida that the feds will be powerless to seize from her, where she will relax, sun herself, and cackle at her husband's victims. Ruth recently declared their Palm Beach home to be her primary residence, for the same reason O.J. Simpson moved to Florida. Florida law protects homes from being seized to pay off creditors or the government. Prosecutors are in the process of seizing the Madoff's $7 million New York City apartment, and they will try to go after the Palm Beach home. The house in 1994 sold for $3.8 million, so it's skyrocketed nearly 150 percent since them. Poor Ruth. At least she'll be able to hang out with neighbors - probably some of the AIG executives. It's just another day in BIZARRO WORLD
Wednesday, March 18, 2009
Poor Ruth
Your husband is off to prison for life for ripping of thousands of people for a total of a billion dollars. You must be devastated. If we weren't living in Bizarro World, the property you bought with all that stolen money would need to be sold so that the victims could at least get a little restitution. Well, Ruth Madoff is retreating to a $9.4 million beach side compound on Palm Beach in Florida that the feds will be powerless to seize from her, where she will relax, sun herself, and cackle at her husband's victims. Ruth recently declared their Palm Beach home to be her primary residence, for the same reason O.J. Simpson moved to Florida. Florida law protects homes from being seized to pay off creditors or the government. Prosecutors are in the process of seizing the Madoff's $7 million New York City apartment, and they will try to go after the Palm Beach home. The house in 1994 sold for $3.8 million, so it's skyrocketed nearly 150 percent since them. Poor Ruth. At least she'll be able to hang out with neighbors - probably some of the AIG executives. It's just another day in BIZARRO WORLD
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2 comments:
Fortunately, Florida's "primary residence" law doesn't apply to homes purchased by illegal gains - ala drug money or scheisters scamming 65 billion from the folks. Maybe Andrew and Lyndsey have a spare room for Ruth.....
I don't think Ruth had a clue as to how her hub got all his money.
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