Sunday, February 15, 2009

Madoff Wife Withdrew Funds, Says State

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 he perpetrated alone.

The disclosure, from the securities division of the Massachusetts Secretary of the Commonwealth, came as part of its complaint Wednesday that also offers new evidence of the close relationship between Bernard L. Madoff Investment Securities LLC and the brokerage firm, called Cohmad Securities.

Cohmad's New York operations were ensconced within ...

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