Ruth Madoff's Legal Troubles Continue, Clearly

Giving up her Upper East Side penthouse and all of its contents may not be all that Ruth Madoff has to sacrifice for living off her husband's vast Ponzi scheme for all those years: Irving Picard, the trustee liquidating Bernie Madoff's investment advisory business, slapped Ruthie with a lawsuit today. Picard claims she was "massively enriched" by her husband's $65 billion Ponzi scheme (duh), and says he's identified an additional $44.8 million "that is subject to recapture." Ruth's lawyer says the suit is "perplexing and totally unjustified," since she's already forfeited most of her assets. You can read the full suit below if you have nothing better to do this rainy afternoon. But if you're a salesperson at Neiman Marcus or Barneys, you probably should take this as a sign that Ruthie's regularly-scheduled shopping expedition this weekend is not happening.

Madoff Trustee Sues Con Man's Wife for $44.8 Million [Bloomberg]