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Ruth Madoff leaves Boca to live in Conn. house

Ruth Madoff is now back up north after living with her sister in Boca Raton in the aftermath of her husband Bernard going to prison for his $65 billion Ponzi scheme.

Her New York attorney, Peter Chavkin, referred Friday to a written statement Ruth Madoff issued about her move.

"I moved back to the New York area for one reason: to spend time with my family, particularly [son] Andrew and my grandchildren, whom I love dearly," she said.

In her statement, Madoff referred to the loss of her son Mark, who committed suicide, and the difficulty in coming to terms with the ill deeds of her husband of more than 50 years. Bernard Madoff is now serving 150 years in prison for a scam that ruined thousands of investors, including many Palm Beach County friends and acquaintances.

"Despite this," she said in her statement, "I've chosen to move forward with my life and focus on my remaining family, particularly my grandchildren."

The New York Post  in Wednesday's issue showed an unflattering picture of Madoff hauling a garbage can at her new home in Old Greenwich, Conn., that her son owns.

Madoff had been living in Boca Raton with her older sister and brother-in-law, Joan and Robert Roman, who let her stay with them despite being fleeced by her husband, convicted Ponzi schemer Bernard Madoff, according to media reports and public records.

Robert Roman owns a condo, assessed at $250,000, at the Broken Sound community in Boca, public records show. Madoff listed the condo as her address to register her new 2011 four-door Honda Civic.

Before her husband was arrested, the Madoffs lived lavishly in a Manhattan penthouse and two mansions, one of them in Palm Beach County. The Palm Beach seven-bedroom waterfront house sold after the feds listed a $6.5 million asking price. An auction of the mansion's contents yielded $500,000 last summer. Proceeds went to a fund to compensate Bernard Madoff's victims.

dgehrke@tribune.com, 954-356-4044


Copyright © 2014, The Baltimore Sun
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