THE widow of Ponzi schemer Bernie Madoff is reportedly living in a $3.8million waterfront house in Connecticut with her former daughter-in-law.
Ruth Madoff, 79, moved in September to the four-bedroom house in Swan Lucas Point in Old Greenwich, according to the New York Post.
The house is owned by Madoff’s former daughter-in-law Susan Elkin and her new husband Richard Elkin who runs water management company Gotham Technologies.
The Swan Lucas Point house was built in 2005 and includes a living space of around 4,000 feet, according to the housing website Zillow.
The house has views of Greenwich Cove and includes a double-height entry gallery, a private dock, and two fireplaces.
The wife of the late Bernie Madoff is sharing the house with Susan Elkin who was married to her elder son Mark who took his own life in 2010.
The couple had two kids together— Kate and Daniel.
The recently widowed Ruth previously lived in a 989-square-foot house in Old Greenwich— with her son Andrew Madoff who died in 2014— where she moved with Bernie in 2012 to be closer to their grandchildren.
Ruth reportedly indulged in luxury lifestyles while she was married to Bernie.
Before leaving for Connecticut, she lived with Bernie in a $7million penthouse in Manhattan and a $4million mansion in the Hamptons, according to the Daily Mail.
The couple also owned an $11million property in Palm Beach, Florida, and a house in the south of France.
Ruth has been living without her husband Bernie since 2009 when he was sentenced to prison.
Bernie, who was found guilty for a littony of white-collar crimes that put him away for the rest of his life, left Ruth $70million in assets listed under her name.
After her husband's incarceration, the $70million she was stripped by the government of her assets and left with $1-2million.
In the immediate aftermath, Ruth went to immense lengths to avoid being recognized in public, even going so far as to dye her hair red.
After her husband's arrest and conviction, Ruth was living with her sister in Boca Raton, Florida.
Bernie Madoff, the fraudster behind the largest Ponzi scheme in history, has died in prison on Wednesday at the age of 82.
Madoff passed away at the Federal Medical Center in Butner, North Carolina, from natural causes, a person familiar with the matter told The Associated Press.
Prior to his death, Madoff admitted swindling thousands of clients out of billions of dollars in investments over decades.
He scammed $65billion from 37,000 victims including celebrities such as actors Kevin Bacon and John Malkovich and the late presenter Larry King.
Source: Read Full Article