Ruth Madoff files homestead exemption in Palm Beach on same day authorities announce investigation

[Hepburn]

Ruth Madoff files homestead exemption in Palm Beach on same day authorities
announce investigation

Oh Ruth... Are you digging yourself into a bigger hole?

Records show that Ruth Madoff filed for a homestead exemption for her and Bernie's Palm Beach home on the same day that federal authorities announced that they would investigate her for her involvement in Bernie's multi-billon dollar Ponzi scheme.

The Miami Herald reports:

Most experts agree that this move is an attempt by Ruth to keep whatever money she can get.

''I don't think there's any question about that,'' said Palm Beach accountant Richard Rampell.

In Florida, homeowners are well protected from creditors, which is likely why Ruth filed this exemption, experts say.

''This is likely why they did it,'' said Harvey Oyer, a real estate attorney with the West Palm Beach firm Shutts and Bowen.

''Florida is universally known as a state that protects debtors,'' Oyer said.

http://www.nydailynews.com/money/2009/03/17/2009-03-17_ruth_madoff_files_homestead_exemption_in.html

The article goes on to say that according to the County Assessor's Office, the home is valued at $9-million.

Rot in hell, Ruthie...you are into Bernie's shit up to your neck.

JMHO

[Sanity Claws]

1. She can't show her face in Palm Beach

I don't know how the homestead exemption works in Palm Beach but one thing for sure, Ruthie sure couldn't live there. Palm Beach is home to many of the Madoff victims. If she ever showed her face in public, the Madoff victims would hurl insults, shoes, coffee, whatever, at her. It would be kind of a living hell.

[Hepburn]

4. Yeah, too bad for Ruth....

...a prisoner in a $9-million home. Others should have such a burden!

:hi:

[DrDan]

2. Florida Homestead Exemptions are for primary residences only

I thought they lived in New York. Filing would then be fraud.

[Hepburn]

5. I am not sure on where they live primarily....

...if they filed state income taxes in Fla, she probably could file for the exemption there.

But...who knows with these crooks! :hi:

[DrDan]

6. no state taxes in Florida - it has become a haven for crooks like this however

like OJ - his home cannot be taken under Florida Protect-the-GOP-Felons laws

[Hepburn]

12. No state income taxes in Fla?

Hey, I did not know that. I thought Nevada was about the only state with no state income tax.

Well, I would bet then that the Madoffs have managed to establish their primary residence in Fla.

Good guess, right! :hi:

[havocmom]

3. that's some homestead

Hope she runs up against some sharp lawyers.

And what was the deal with Bernie 'getting botox in prison' that was reported last night? Cover for some plastic surgery so he can live happily ever after - after 'Bernie dies'? Can't help but picture him on a beach with Kenny Boy x(

[rvablue]

7. Totally, utterly conniving and shameless. But I guess you have to have those qualities

to do what she and her husband did.

No shame. It's all about them. Disgusting!

[lpbk2713]

8. That makes her neighbors with OxyRush and Coultergeist.

They both have residences in Palm Beach.

There goes the neighborhood. :eyes:

[monmouth]

9. You're right, Oxy is to the south of the other three. Poor Palm Beach,

the neighborhoods goin' to hell....LOL.

[ddeclue]

10. Ahh Palm Beach, FL land of the 100 foot yacht and retirement village for corporate crooks

and right wing paid shills...

:eyes:

[monmouth]

11. And a couple of the Kochs and all sorts of fine folks....LOL.. Oh and the

Scaifes party here too...