Bernard Madoff’s wife Ruth pulled $15.5m out of a Massachusetts brokerage that funnelled clients to her husband in the three weeks before his December 11 arrest, according to court documents filed by Massachusetts securities regulators.
Mrs Madoff withdrew $5.5m from Cohmad Securities on November 25 and an additional $10m on December 10, according to two wire transfer receipts attached to a complaint filed by William Galvin, the Massachusetts secretary of state.
Federal investigators have alleged in a criminal complaint that Mr Madoff confessed to his sons on December 10 that he was running a $50bn “Ponzi” scheme.
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