Ruth Madoff

[22] When Ruth Madoff's husband was sentenced in 2009, victim Marcia FitzMaurice said in a court statement: "Your wife, rightfully so, has been vilified and shunned by her friends in the community.

[26] Following her husband's incarceration, most of the Madoff family assets were seized by the government, including the couple's Upper East Side penthouse in New York City.

[29] In May 2019, 77-year-old Ruth Madoff agreed to pay $594,000 ($250,000 in cash, and $344,000 of trusts for two of her grandchildren), and to surrender her remaining assets when she dies, to settle claims by the court-appointed trustee Picard liquidating her husband's firm for former customers.

[27] Picard had sued Ruth Madoff for $44.8 million, saying she had lived a "life of splendor" on the gains from the fraud committed by her husband, but settled for less, given her limited assets.

[31][32] In 2012, Ruth Madoff moved to one of her son Andrew's houses in Old Greenwich, Connecticut, after spending two years living in Boca Raton, Florida, with her sister.

[31][33] Since September 2020 she has resided with Susan Elkin, her former daughter-in-law from Mark Madoff's first marriage, in a $4.4 million beachfront property in Old Greenwich.