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Bernie Madoff's wife's new life of shopping at Ikea and driving a Prius. She once had a $8. Seven years on from her husband carrying out the biggest financial theft in history life is very different for Ruth Madoff, Daily Mail. Instead of New York's Fifth Avenue or the designer stores of Paris and Rome she is to be found in the far more modest furniture store Ikea.
Walking round the vast store looking at cheap flat pack furniture is a startling illustration of just how far the 7. Ponzi scheme. Where once she would spent tens of thousands on antique furniture for her penthouse apartment on New York's Upper East Side, she was now measuring up $7. TV stands. Scroll down for video. Regular shopping: Where once she had millions at her disposal for designer shopping, Ruth Madoff is now shopping in Ikea near her home in Greenwich, Connecticut. Her purse is apparently a Goyasrd Chevron St Louis, which retails at $1,3. Farewell SUVs: Now Ruth Madoff drives an old- model Toyota Prius.
She and her husband had access to chauffeur driven cars until his Ponzi scheme collapsed - leading to his imprisonment. Sizing up the bargains: Like millions of ordinary Americans, Ruth Madoff headed for Ikea to furnish her new home, and took careful notes of prices and dimensions New home: This is Ruth Madoff's two- bedroom in Old Greenwich, CT. Watch Search Party Online Mic. Although $3,0. 00 a month might seem high, but previously she had access to four homes worldwide. Real life - and the movies: Ruth Madoff (left) is being portrayed by Michelle Pfeiffer (right) in a forthcoming HBO movie about her Ponzi fraudster husband Bernie. She cut a forlorn figure as she wandered round the store for several hours looking at the sensibly- priced items on display, often noting down the measurements of units and taking photographs to study the later. Daily Mail Online can reveal Mrs Madoff has recently moved to a $3,0.
She had been living alone in a four- bedroom home owned by her late son Andrew in Greenwich, Connecticut. A neighbor said Mrs Madoff now only returns to the $1. Even in Greenwich, one of the most affluent towns in America and home to dozens of Wall St. Prius car. Since her husband was jailed for 1. Mrs Madoff has attempted to keep low profile.
Shunned by family and friends, and once described as the most hated woman in New York, she has deliberately avoided any controversy to avoid provoking the anger of her husband's many victims. Many claimed she must have known about her husband's fraud and her silence in the weeks after his arrest added to the feeling that she was somehow complicit. But she was never charged and maintained her innocence – while supporting her husband by raising his $1. Peter. Support: Ruth Madoff was accused of being complicit in her husband's crimes, a charge she has always denied, but she has also stood by the Ponzi fraudster, even though both her sons disapproved. Portrayal: This is Robert de Niro and Michelle Pfeiffer playing Bernie and Ruth Madoff in the HBO movie, The Wizard of Lies, during filming in New York Uncanny resemblance: Robert de Niro (right) plays Bernie Madoff in the upcoming HBO movie, The Wizard of Lies, about the fall of the Ponzi king. Ruth has only spoken once about her husband's crimes in a 2. CBS TV where she emphatically denied knowing anything about the Ponzi scheme.
Her quiet life is likely to come to an end very soon with the release a film and TV series about her 5. Ponzi scheme that cost thousand of investors their life savings. Robert De Niro will play Bernie Madoff in an HBO film called 'The Wizard of Lies' while Michelle Pffeifer plays Ruth. Publicity photos released by HBO show how hair and make- up has transformed the Hollywood stars into the once super- rich couple.
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Despite almost being two decades younger at 5. Pffeifer looks uncannily like Ruth with her customary dark round glasses and blonde hair. The highly anticipated film examines the life of luxury enjoyed by the pair before their dramatic downfall that began in December 2. The HBO film will be in competition with a TV mini series called 'Madoffs' that also examines the couple. Richard Dreyfus plays Madoff while Blythe Danner is Ruth. The film and TV series will put the focus squarely back on Ruth, who apart from losing her homes and almost every possession she owned to pay off creditors, has endured double tragedy in recent years. New home: This is the new complex where Ruth Madoff lives - something of a contrast to the four homes she used to have Sizing up: Ruth Madoff carefully inspects self- assembly furniture at the Connecticut branch of Ikea Bargain time: The disgraced financier's wife checked out a series of items as she shopped for her new home Caught on camera: Ruth Madoff appeared to take pictures of shelving units as she shopped - she left without any large items, suggesting she is carefully designing the interior of the new home.
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In 2. 01. 0, two years after Madoff admitted stealing billions, her elder son Mark, 4. He could no longer stand the shame of his father's crime and feared his two young children would be named in a lawsuit brought by those who lost money.
Mark was found hanging at his New York apartment while his two- year- old son was in a nearby room. And last year her other son Andrew died aged 4. The brothers worked for the legitimate, market- making side of their father's business.
Before her world came tumbling down Mrs Madoff would not have been seen dead in a store like Ikea, mostly frequented by new homeowners looking for reasonably priced furniture and home décor. Watch Sully 4Shared there. With millions at her disposal she only ever visited high end stores buying the best furniture and fittings for her penthouse apartment in New York, a $1. Palm Beach, Florida, a $3m home in The Hamptons and a $1m villa in Cap D'Antibes in the south of France. There was also a 5. The Bull that was valued at $5.
Sitting Bull, a 3. Florida, and Little Bull, an open cabin boat with an outboard motor. All were sold as close to $1. The total value of the fraud is estimated at $6. Last week it was announced that anyone who lost up to $1.
Ruth was known was excessive spending, with one friend telling Vanity Fair magazine how on a shopping trip to Paris a companion couldn't decide on what expensive item to buy so she told her to get both. Watch Bugaboo Online. Court filings after her husband's arrest showed that Ruth had personal assets of close to $8.
These included a $4. She also withdrew $1. December 1. 1 arrest. Runaround: In contrast to getting around Connecticut in a five- year- old Toyota Prius. The Bull (center above )was her husband's yacht, moored closed to their home in Cap d'Antibes on the French Riviera. Luxury: The Bull was the Madoffs' yacht, and was seized in April 2. Bernie Madoff stole from his investors.
Contrast: Without a yacht or access the chauffeur- driven SUVs, Ruth Madoff now gets around in a five- year- old silver Toyota Prius. Self- service: Ruth Madoff heads to the five- year- old Toyota Prius in the parking lot in Ikea with her purchases. Until 2. 00. 8 Ruth and her husband enjoyed a life of luxury most people can only fantasies about.
As a successful stockbroker it was assumed the millions earned in commission through his company Bernard L. Madoff Securities paid for the homes and trapping of wealth. A three time president of NASDAQ, he was thought to have the 'Midas touch' when it came to playing the stock market, offering his investors an average annual return of up to 1. But with the financial crisis of 2. Ponzi scheme for decades. Madoff confessed the scam to Ruth and sons Mark and Andrew the day before he was arrested on December 1.
A court froze all his assets but Ruth was allowed to remain in the four- bedroom penthouse in New York while Madoff remained free on bail. As the full scale of his deception became apparent investors who lost money insisted that Ruth must have known about her husband's Ponzi scheme.