Madoff's wife withdraws $15.5 million ahead of arrest
On the day before Bernard Madoff was arrested, his wife, Ruth, withdrew $10 million from a brokerage firm partly owned by her husband, the New York Times reports. Before that, she also made a $5.5 million withdrawal. Both withdrawals were made from Cohmad Securities, a firm co-founded by Madoff.
It's unclear what this means. Some might conclude that she was trying to preserve what she could before the scheme collapsed, but who really knows? The role of Cohmad in the Madoff fraud is at issue. Obviously, there is a lot to piece together.
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