After barely 24 hours in prison, the Wall Street fraudster Bernard Madoff has launched an attempt to return to his Manhattan penthouse through an appeal for bail which discloses the true extent of his lavish lifestyle. Documents filed by defence lawyers estimate that Madoff and his wife, Ruth, have assets...

NEW YORK (Reuters) - Ruth Madoff, who is named as a defendant in two civil cases stemming from the purported financial fraud of her husband, Bernard Madoff, is going to hire her own lawyer, one of the Madoffs’ attorneys said on Monday. Both Madoffs have been represented by Ira Lee Sorkin and Daniel...

Bernard Madoff’s wife withdrew $15.5 million from a Madoff-related brokerage firm in the weeks before Mr. Madoff was arrested, according to documents that raise questions about how much Mrs. Madoff knew about her husband’s business, now alleged to be a Ponzi scheme that he has told authorities...

  Dec. 12 (Bloomberg) — Bernard Madoff confessed to two sons this week that his investment advisory business was “a giant Ponzi scheme” that cost clients $50 billion before two FBI agents showed up yesterday morning at his Manhattan apartment. “We’re here to find out if there’s an innocent...