Tech & Biz

Madoff's Wife Investigated by SEC

by Jordan Yerman | December 18, 2008 at 09:37 am

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As the Securities and Exchange Commission (SEC) continues building its case against ponzi-scheme investor Bernard Madoff, evidence has come to light implicating his wife.

Ruth Madoff is implicated in maintaining records of her husband's business' real transactions.

The U.S. Securities and Exchange Commission found evidence while looking through records at Madoff's firm that she may have helped track payments, Bloomberg wrote, citing that person.

Bloomberg also reported that the SEC is also looking into why her name appears on related transactions, according to two people with knowledge of the probe.