Ruth Madoff gets to keep $2.5 million, loses everything else

She has agreed to give up a claim to $80 million in assets while her husband Bernie loses all assets and gets sentenced on Monday. However, the SEC and the Madoff trustee can still go after Ruth Madoff for money, as can anyone who wants to sue her.

Their penthouse will be sold, she’ll have to move, and given she probably needs bodyguards now as well as lawyers, that $2.5 million won’t last long

In related news, Allen Stanford remains in jail until a hearing, also on Monday, to determine if an order granting him bail should be reversed.