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Report: Ruth Madoff Lives Frugal, Incognito Life In Florida

Wife Of Notorious Financier Engulfed By 'Shame' Over Scheme

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Ruth Madoff

Ruth Madoff (AP photo)

aiello

Reporting Tony Aiello

NEW YORK (CBSNewYork) — Disgraced financier Bernard Madoff’s wife has cut off contact and no longer visits him in prison. That’s one of the new details learned Wednesday on Ruth Madoff’s new life in Florida.

It’s a life very different from the Upper East Side luxury she enjoyed for years, reports CBS 2’s Tony Aiello.

She lived in the lap of luxury inside a penthouse just steps from Lexington Avenue, where many who remember Ruth Madoff politely declined to talk on Wednesday.

“Well, I don’t like to see people suffer, but I have no comment,” one woman said.

RELATED: Bernard Madoff Claims Some Banks ‘Had To Know’ About Ponzi Scheme | Madoff: Wilpons, Mets ‘Knew Nothing’ Of Ponzi Scheme | JPMorgan Says It Did Nothing Wrong In Madoff Fraud | Body Of Madoff’s Son Cremated; Wife ‘Devastated’

But sources close to Ruth Madoff have been talking to People magazine, telling the weekly Ruth “is still in some kind of shock.”

Her effort to claim $70 million of her husband’s fortune was rejected.

The Madoff’s Manhattan penthouse and most of their belongings — the home in Palm Beach, Fla., and the yacht docked nearby — everything – were seized and sold.

So friends are lending her a place to stay in Boca Raton, with one telling People: “She lives very frugally. She spends virtually nothing.”

One Upper East Sider Aiello spoke to said, good.

“She’s been living so high on the hog for so long, I don’t feel sorry for her, I can’t,” resident Phyllis Spiegel said.

Ruth Madoff had been visiting her husband in prison regularly — until their son, Mark, committed suicide in December.

Now friends tell People she’s cut off all contact with Bernie and quote her as saying “at night it gets to me — the shame, the disgrace, all the stuff that killed Mark.”

“No matter how bad Bernie did, she’s been vilified,” Upper East Side resident Judith Berdy said, adding when Mark Madoff’s suicide, “Yeah, that’s horrible.”

People is reporting a source close to Ruth Madoff as saying “she’s come to accept she is carrying the burden of shame and disgrace. She knows she is wearing a scarlet letter.”

The magazine reports Ruth Madoff has died her hair red, and often uses her maiden name — Alpern — while trying to keep a low profile in south Florida.

People says she drives a 14-year-old car, and her idea of splurging is to rent a DVD for a dollar from a kiosk at a Publix grocery store.

Do you think Ruth knows more than she’s letting on? Tell us about it in the comments section below.

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  • I have lost

    Ruth knows. I hope she tells all before she goes on to the next life. where it could be burn baby burn.

  • randyp

    I hope they leave her with all the money or give her as much money to suit her lifestyle before the devil she wqs married to went to prison….Not her fault he frauded half the country and gave her a lifestyle that would be tough to have to give up, because her criminal husband.

  • Louise

    The whole sorry story of Madoff and his family is like a Greek tragedy showing the result of hubris.

  • JDOK

    The entire Madoff affair is so interesting and compelling and has affected so many wealthy and famous people isn’t it surprising that hollywood has not made a major motion picture out of the event? Why?

  • TONY

    Ruth losing a child of any age is tragic and my heart goes out too you, Your husband should rot in hell for what he did to everybody that trusted him with their hard earned money! it seems everybody seems to think you knew about it, if you did and you went out spending all that money you too should rot in heal.; But I can also see where you may have been kept in the dark and your world collapsed around you. If you are truly innocent, Trust me things will get better and if your not innocent your getting what you deserve! There’s only one person besides you who knows the truth and only GOD knows your path..P.S. don’t waste your money on dvd’s invest that $1.00 in powerball! you could be a millionare again!

  • Mr. Lovejoy

    Rumor has it that MFX Media offered Ruth good money to star in another version of the legendary 2 Girls 1 Cup. For some reason, she turned it down. So I guess times are not that tough for her.

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