The wife wanted a divorce, mainly for financial reasons...hoping that she and the kids could get some of the swag before her husband was sued...look, Rut got to keep $ 2 mill, so maybe she figured that the courts might let her keep a few mill as well. Mark made millions form the fraud. There is no way that the two sons didn’t know what was going on. I suspect that when the jig was finally up, they hatched a plan, with Bernie’s concurrence, (heck, it was probably his idea) that they woudl be the ones to turn him in, to deflect suspicion from themselves.
I definitely think they ALL orchestrated the “turning Bernie in” scenario.
Irving Picard sues seven world banks as Madoff deadline looms
* Michael Rothfeld
* From: The Wall Street Journal
* December 09, 2010
(snip)
In a second lawsuit, Mr Picard and Mr Nisselson are seeking $US274,000 allegedly transferred by Bernard and Ruth Madoff to Mark Madoff’s children and his current and former wives. That suit names Mark Madoff, his wife, Stephanie Morgan, and their minor child, identified as A.V.M.; and Susan Elkin, Mark Madoff’s ex-wife, their son Daniel Madoff and daughter, identified as K.M.
A spokesman for Mark and Andrew Madoff and their wives declined to comment on the lawsuits against their children. Ms Elkin declined to comment.
Peter, Mark and Andrew Madoff were also named today in the $US80m lawsuit filed in London against them and other former directors of Madoff Securities International Ltd. The suit was filed in Britain’s High Court of Justice Commercial Court by Mr Picard and Stephen J. Akers, a joint liquidator of the London business, Mr Picard said.
(snip)
Mr Picard and Mr Nisselson today also sued the Mark and Stephanie Madoff Foundation for $US2m it allegedly received from Bernard and Ruth Madoff’s bank account in December 2007. In yet another lawsuit, the Deborah and Andrew Madoff Foundation was sued for $US2m that Bernard Madoff allegedly wired to the organisation from a Lehman Brothers account.