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Ruth Madoff will hire her own lawyer

Bloomberg News / March 10, 2009
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NEW YORK - Ruth Madoff, the wife of accused con artist Bernard Madoff, plans to hire her own attorney, according to a lawyer at the firm that represents the couple.

Ruth and Bernard Madoff have been represented by Ira Sorkin and Dan Horwitz at Dickstein Shapiro LLP in New York. Horwitz said Ruth Madoff will hire her own lawyer. "The need arises because of her being named in two civil actions," Horwitz said.

Bernard Madoff, 70, is scheduled to appear in federal court today where a judge will explore whether Sorkin, whose father invested with Bernard Madoff, has a conflict of interest. He is to appear in court again Thursday. Acting US Attorney Lev Dassin yesterday told US District Judge Denny Chin, who will preside over the hearings, that prosecutors received 25 e-mails from victims asking to speak at Thursday's hearing.

Last week, US District Judge Louis Stanton, who is presiding over a lawsuit against Madoff by the Securities and Exchange Commission, said the money manager's lawyers claimed that Ruth Madoff alone owns a Manhattan apartment, $45 million in bonds, and $17 million in cash. The attorneys said Ruth Madoff claimed those assets are "unrelated" to the alleged multibillion dollar Ponzi scheme orchestrated by her husband.

Ruth Madoff hasn't been accused of wrongdoing.

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