Crime | Ponzi scheme Ruth Madoff to Bare All Expenditures Over $100 By Rob Quinn Posted Aug 4, 2009 6:08 AM CDT Copied Ruth Madoff is escorted by private security as she leaves the Metropolitan Correctional Center after visiting her husband, disgraced financier Bernard Madoff, in New York earlier this year. (AP Photo/Mary Altaffer) Ruth Madoff won't be able to spend $100 without scrutiny under a deal approved by a bankruptcy judge overseeing the liquidation of her husband's financial firm, the Wall Street Journal reports. Madoff agreed to give a full accounting of her income and any spending over $100 to a court-appointed trustee acting for victims of Bernard Madoff's Ponzi scheme. The deal came as part of a lawsuit from the trustee seeking $44 million on behalf of the fraudster's victims. Ruth's lawyer has labeled the lawsuit "perplexing and totally unjustified," since she surrendered more than $80 million in assets, keeping $2.5 million. But many victims doubt that all the assets have been accounted for. "Considering the integrity of her husband, I'm sure she's got plenty of money stashed away," one tells the New York Daily News. Read These Next ChatGPT is going to get sexy. Lots of people are worried. Andrew is still a prince, but he's no longer a duke. Author of bestselling memoir about depression dies at 35. English tests pull thousands of truckers off the road. Report an error