On Wednesday a federal judge approved Ruth Madoff’s $594,000 settlement with the court-appointed trustee who is liquidating her husband Bernard Madoff’s firm and raising money for the swindler’s victims. Rueters reports that Ruth Madoff also agreed to surrender her remaining assets upon her death to Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC. The trustee also said the settlement was not evidence that Ruth Madoff admitted to participating in or knowing about her husband’s fraud, which was uncovered in December 2008.


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