CBS News/ August 15, 2011, 9:05 AM

Madoff's wife has dumped him, report says

There may be new trouble for Bernie Madoff, who's serving 150 years in prison for a multi-billion-dollar ponzi scheme. A British  newspaper says Ruth Madoff, his wife of 52 years, has ditched him as she tries to patch up her shattered life.

According to Madoff biographer Diana Henriques, Ruth Madoff has not visited her husband since the December suicide of their eldest son, Mark.

She is reportedly looking to reconcile with their remaining son, Andrew Madoff who, along with his brother, gave his mother an ultimatum after their father's massive fraud was exposed: Choose us or him. She chose her husband.

After Mark Madoff killed himself, Ruth Madoff was turned away from the funeral by Mark's widow. Bernie is said to be stunned at how angry his family has become. For a man who has lost his fortune and freedom, his wife may be the next to go, according to a report in the U.K.'s Daily Mail.

On "The Early Show," Henriques -- the first reporter to interview Madoff in prison and author of "The Wizard of Lies: Bernie Madoff and the Death of Trust"- - said Ruth Madoff stayed with her husband because, her friends say, she had so much compassion for the schemer.

"She fell in love with him when she was 13, married when she was 18," Henriques said. "It was a 50-year romance, and she simply couldn't leave him. But for all practical purposes, the Madoff marriage was split apart by that 150-year prison sentence that will keep Madoff behind bars for the rest of his life. So my sense is that Ruth is now focusing all her efforts on rebuilding a relationship with her surviving son, Andrew, and her grandchildren."

Henriques said Bernie Madoff seems to want Ruth to move on.

Henriques explained, "Bernie wants Ruth to do whatever she must to rebuild her life, even at the expense of their obviously limited time together. He cares very much about her, and I think wants her to have the comfort of her family in the years to come."

But will Andrew Madoff welcome his estranged mother back?

"We're going to see," Henriques said. "I'm encouraged by the sources that I hear that there are good signs of reconciliation. And the progress remains to be seen, obviously. There's a dreadful burden of anger and hurt. This crime shattered the Madoff family, as it did so many families among the victims, of course."

Wragge added, "And there are probably a lot of people that were victimized by this family that have no sympathy for anything going on with their family right now."

However, Henriques said there may be a bright spot ahead for the victims of scheme in terms of recovered money.

"It's a remarkable recovery," Henriques said. "... The trustee, Irving Picard, is on track to potentially return victims up to 50 cents on the dollar of their out-of-pocket losses. Now, obviously, you can't rebuild the shattered lives. You can't recover the homes that were sold and the college educations. But in ponzi scheme terms, this is a phenomenal recovery, if he only gets 50 cents on the dollar. That was the good news. He landed another billion-dollar out-of-court settlement just a few weeks ago, which was another big gain for him."

Wragge said, "More to come I'm sure. But still, getting 50 cents potentially on the dollar back so much better, like you said, normal ponzi schemes it's only about five cents."

Henriques said, "If you're lucky."

© 2011 CBS Interactive Inc. All Rights Reserved.
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D.K.Milgrim-Heath says:
Bye-bye, Bernie! Bye-bye, Bernie!
By D.K. Milgrim-Heath©2011
As sung to Lyrics of Bye-Bye Birdie

Bye-bye, Bernie! Bye-bye, Bernie!
I've finally let you go-
My heart says this truthfully so.

Bye-bye, Bernie! Bye-bye, Bernie!
You messed up our family our son did die-
There's no more money Bernie - you lived such a lie.

Bye-bye, Bernie! Bye-bye, Bernie!
The sunshine of many really went out the door-
You destroyed many people as always wanting more.

Bye-bye, Bernie! Bye-bye, Bernie!
The sunshine of our marriage went away-
For all the memories our love couldn't stay.

Bye-bye, Bernie! Bye-bye, Bernie!
I'm crying Bernie-
In jail 150 year legally forever is home today.

Bye-bye, Bernie! Bye-bye, Bernie!
I don't miss your smile-
Standing years next to me with your billionaire's style.

Bye-bye, Bernie! Bye-bye, Bernie!
Before getting caught every night we were together-
Our happiness I thought would last forever.

Bye-bye, Bernie! Bye-bye, Bernie!
Faithful I was to you always in the past-
Breaking my heart forever this break will last.

Bye-bye, Bernie! Bye-bye, Bernie!
I thought I'd always care-
Never thought things would be this way on a dare.

Bye-bye, Bernie! Bye-bye, Bernie!
Got to pick up the pieces left of our family-
This is all I have left Bernie-
I've got to now fully protect them and me.

Bye-bye, Bernie! Bye-bye, Bernie!
My tears have many times flown-
No more Bernie are you my own.

Bye-bye, Bernie! Bye-bye, Bernie!
You made your life choice Bernie-
Till you die into eternity.

Bye-bye, Bernie! Bye-bye, Bernie!
Now and forever Bernie-
I'll be free from you somewhat Bernie.

Bye-bye, Bernie! Bye-bye, Bernie!
There's nothing left I could say-
I'm free now Bernie-

Bye-bye, Bernie! Bye-bye, Bernie!
I'm free forever Bernie -
Your beloved Ruth went away.

So it's really
Bye-bye, Bernie!
Bye-bye!
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rockieag says:
Ruth is 70 years old, her family is not speaking to her as she was loyal to her husband, but then there son kills himself over the impact it has had on his life. She has to choose. Her family living on the outside world, a son, grandchildren, everything a Mother and grandmother worked for. What can she do. Her husband that she has loved dearly did a terrible thing to the Community that trusted him and stole their life saves to invest and grow their money, and the theif used it for his personal gain. The Karma he has reaped upon himself, his family and the families that trusted his has been devastating. People have killed themselves over this, lifes have been runied. This poor woman is between a rock and a hard place. This poor living soul has to live with the disgrace that her husband has reaped upon her and her family for the rest of their lives. She has to live with the devastation and ruin to the families that truested him. This man deserves nothing but the four walls he lives in. His Karma is to live with knowledge the he killed his son, that he may as well put a dagger in his sons heart. What a terrible think for a mother to live through. I am actually suprised that she still stood by him after her son died. Yes, his distiny is to live in that hole as a misfite with on visits from his family for the rest of his miserable life.
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unclebernies says:
He left her when he got sent to jail for life. It's not her fault
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alyadven says:
Why don't they get Irving Picard to try to recoup the 50+ million dollars convicted crook John Natale in Jersey hasn't paid back. He's selling real estate now, look out. The crooks move on, the victims cannot get their life savings returned.
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justme1983plus1 says:
SOOOOOOOO AGREE!!
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Ajer12 says:
I have no sympathy for him or her for that matter, look at the lives this low life destroyed in his craving for money. I don't know if she was relived of their ill gotten gains after the crime was discovered but I hope she was, if not guilty of the actual crime, she benefited from it and justly should have been left penniless.
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djseavy says:
There may be a new kind of trouble for Bernie? Anybody who didn't see this coming from the get-go is as ignorant as one can be. Of course she's ditching him. He's of no value to her now. She have to find a new vein of gold to mine since he'll die in the clink. Anybody remember Tammy Fae Baker? As soon as old Jimmy was in the Fed Pen Tammy was in her attorney's office filing for divorce, yet she, like Ruth, had a blast spending the money when it was rolling in.
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1pheasant1 says:
Will she do a complete one-eighty and vote Democrat?
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woody3691 says:
She knew, she knew, she knew, she knew.
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LibbyGarden says:
Guess there really is no honor among thieves.
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