Thursday, February 12, 2009

The wife of Bernard Madoff withdrew more than $ 15 million for a signature of which he was co-owner, including 10 million the day when their children handed the financial authorities for leading an alleged multimillion-dollar fraud announced on Wednesday, the principal securities regulator in Massachusetts.

Secretary of State William Galvin said Ruth Madoff, 67, withdrew 5.5 billion on November 25 and 10 million on December 10 _un days before outside arrestado_ Bernard Madoff Securities Cohmad's Corp., a New York firm of that her husband was part owner.


The secretary cited the bank as evidence given by Cohmad of withdrawals. These occurred at a time when it was discovered the pyramid scheme type Madoff and Investors filed applications for refund of their money by 7000 million dollars.

It also seems to follow what the authorities described as a worrying trend from Madoff to hide money that would be used to compensate investors affected.


Prosecutors had also said that detectives had discovered hundreds of checks signed by 173 million dollars Madoff was ready to send to friends and family closest to the time of his arrest in December. Two weeks later, during the holidays decembrinas, the financier sent over a million dollars in jewelry and expensive gifts to family and friends.

"We're not accusing him of having done anything improper," said Galvin spokesman Brian McNiff. "It's one of the things that appeared in the response received from Cohmad" after the citation of the officials of Massachusetts. "What we may think some officials in New York or the feds on this is something completely different."


A phone number under the name Ruth Madoff in Palm Beach, Florida, sounded busy, and a number in New York had been disconnected. A spokeswoman for Cohmad in New York said the company had no comment.

Ira Sorkin, a lawyer at Bernard Madoff said that he had no comment on the withdrawals.


Madoff, a former president of Nasdaq stock market in 70 years of age, is confined to his Manhattan apartment under house arrest.

Moreover, given the closeness of the deadline for an indictment by a jury instruction, the government and lawyers Madoff on Wednesday agreed to request an extension of 30 days. The new deadline was set for March 13.


A federal judge on Wednesday approved the delay, when the government faced the expiration of the deadline for the indictment against the Wall Street Financial.

Rebekah Carmichael, a spokeswoman for the prosecution, said that his office had no comment.


In the same way when they found a similar extension a month ago, the federal district Deputy Marc Litt writes that the government demanded the extension of the period "to allow enough time to conduct further discussions on a possible agreement in this case. "

Already been widely anticipated that the case will be resolved before the trial through an agreement between the government and lawyers Madoff.

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