Chase had become "concerned about lack of transparency," and due-diligence which had "raised doubts" about Madoff's operation. The bankruptcy trustee sued Tremont, a group of hedge funds owned by Massachusetts Mutual Life Insurance Co, as well as, its parent companies in December 2010, seeking more than $2 billion and alleging that company executives ignored "obvious warning signs that Madoff was running a fraud. Madoff is a lawyer by training and was sentenced to 10 years in prison in 2012 for various crimes including fraud. [94], On December 11, 2010, on the second anniversary of his father's arrest, Mark Madoff was found dead in his New York City apartment from an apparent suicide. How much is Ruth Madoff worth? She is the daughter of Peter Madoff, and a niece of Bernard Madoff, who employed her as a compliance officer and attorney at Bernard L. Madoff Investment Securities (BLMIS) from 1995 until 2008. I did not question what I should have questioned. [133] She was released from prison on May 28, 2019. She has been named in several civil actions. It was Levy who introduced high-profile investors to Madoff. (Carlos Slim is worth $69.1 billion.) The complaint alleges Fiserv failed "to hold and safeguard assets entrusted to it" by about 800 Madoff customers who had been told to hire Fiserv to handle their accounts with him. [190], The widow, children, family, and estate of Chais settled with Picard in 2016 for $277 million. BERNIE MADOFF VICTIMS WILL RECEIVE NEW ROUND OF FUNDS WORTH $695M, DOJ ANNOUNCES. He admitted to simply rubber-stamping Madoff's filings with the SEC; rather than perform actual audits, he signed blank SEC forms before Madoff and others filled them in. Ruth Madoff (ne Alpern; born May 18, 1941) is the widow of Bernie Madoff, the convicted American financial fraudster who served a prison sentence for a criminal financial scheme until his death in April . Court filing reveals Madoff's net worth at least $823 million - ABC News. The pension fund case is Retirement Program for Employees of the Town of Fairfield v. Madoff, FBT-CV-09-5023735-S, Superior Court of Connecticut (Bridgeport)[43]. Ruth Madoff, Bernard Madoff's wife, also held shares. And Madoff's brother, Peter, who helped run the business, was sentenced to 10 years in prison in 2012, despite claims he was in the dark about his brother's misdeeds. [216][217] He told prosecutors that after the main backoffice secretary on the 17th floorAnnette Bongiorno in the 1970s and 1980s, and Judi Crupi from the 1980s onwardtold him how much money should be "invested" for a client, he would note how much volume actually occurred so the "trades" looked real. In June 2009, just days before Bernie Madoff was sentenced to 150 years in prison, Ruth struck a deal with U.S. prosecutors, forfeiting her right to $80 million in various assets in return for $2. Bernard Madoff was so successful at separating people from their moneyinvestors lost about $18 billion of the $65 billion they entrusted to himin part because the story he told them, at first blush, didn't seem too good to be true. Delaire has been sued by Dr. Martin and Suzanne Schulman of Nassau County, New York, claiming they were induced by Delaire to make investments with Madoff "based on fraudulent misrepresentations by Delaire and his omissions to disclose material facts." Info. [28][29], Peter graduated from Fordham University School of Law in 1970 and was formerly director of the National Stock Exchange (Cincinnati Stock Exchange). Noel's attorney is Glenn Kurtz, and Tucker's is Stanley Tawdry, Jr.. Sondra Wiener, Madoffs older sister, was also one of his big victims, losing an estimated $3 million nest eggthat forced her and hubby Marvin to sell their home at the ritzy BallenIsles Country Club in Palm Beach Gardens. Mr. Cuomo's office is seeking restitution and unspecified damages from Mr. The single biggest beneficiary of the Madoff scheme, Picoweran investor and philanthropistnetted $7.2 billion from withdrawals of funds from Bernard L. Madoff . [40], Peter served as a trustee for law student Andrew Samuels' $470,000 inheritance from his grandfather who worked for Madoff and created a trust for him. September 25, 2009 / 12:50 PM / CBS. He also . [66], Ruth Madoff's combined assets with her husband had a net worth of between $823 million and $826 million. [146], On July 20, 2009, Justice Edward Alexander Bannister granted the request to liquidate the Fairfield Sentry funds, worth more than $7.2 billion in December 2008, now less than $70 million, incorporated in 1990 under the mutual fund statutes of the British Virgin Islands and technically under the control of their local directors. Madoff's forfeiture led him to give away all of his a s sets to the government including, cars homes, cash, and Rolex watch. [77] On March 19, 2012 Wilpon and Picard agreed to settle the lawsuit for $162 million. In March and May 2008, Madoff International wire-transferred 135,000 pounds ($198,207) to buy a car for Peter Madoff, and delivered it to him at his residence in Palm Beach. [181] The case number is Picard v. Chais, 09-01172. He had a staff of 25, including traders, managers and support. Heres what you need to know. Mr. Konigsberg's firm has received a civil subpoena from the SEC. F you.. Picard alleged that Tremont failed to do any meaningful review of Madoff's operations or purported investment results, blindly allowing Rye to turn over half its $6 billion in client assets to Madoff and losing half that money when the scheme finally collapsed. When he was sentenced, Madoff stated, "I have left a legacy of shame, as some of my victims have pointed out, to my family and my grandchildren. BY Allan Dodds Frank. However, he now has a net worth of $45 million, which is certainly still impressive, even if it's a mere fraction of what he once had. Today, the recently widowed Madoff is living in a $3.8 million waterfront mansion in Connecticut together with a former daughter-in-law's family (via New York Post ). Its owned by her daughter-in-law, Susan Elkin, the first wife of Mark Madoff. [120] On December 8, 2014, Bonventre was sentenced to 10 years in federal prison after being convicted on securities fraud and tax-evasion charges for his involvement in Madoff's $17.5 billion fraud. [142][143], On April 13, 2009, Judge Arthur Hiller in Bridgeport, Connecticut, dissolved the temporary order he imposed March 30 freezing Noel's and Tucker's assets. [70] Picard had sued Ruth Madoff for $44.8 million, saying she had lived a "life of splendor" on the gains from the fraud committed by her husband, but settled for less, given her limited assets. [111], A college dropout, he joined Madoff's firm in 1975 at age 18 and eventually oversaw the day-to-day operations of Madoff's investment-advisory business. According to The Wall Street Journal, federal authorities are still investigating Peter Madoff (and Andrew Madoff before his death) for tax fraud. He did work for the London office when it was first opened. [191] On November 19, 2016, the United States Bankruptcy Court for the Southern District of New York approved a global settlement made in cooperation with the California Attorney General - with the defendants in Picard v. the Estate of Stanley Chais, et al. And neither are the rest of the partners at Sterling Equities who, along with Fred Wilpon and Saul Katz, are sophisticated investors who oversee and control Sterling and its many businesses and investments." Mark, the oldest, hanged himself in 2010 at the age of 46 on the anniversary of his fathers arrest, per The New York Times. Arguello found that the investors bore responsibility for the investment decisions, and that the funds transferred to Madoff were done so at the direction of the investors. [145], On May 29, 2009, Fairfield Sentry, based in the British Virgin Islands, filed a lawsuit seeking to recover more than $919 million in investment management and performance fees that it paid to Fairfield. Having never made a contribution, he withdrew more than $5 million. Friehling faced a maximum sentence of 114 years in prison, but unlike Madoff has agreed to cooperate with the government. On December 20, 2012, he was sentenced to 10 years in prison for his involvement in the Ponzi scheme. Mark Madoff, one of Bernard Madoff's sons, was found dead of an apparent suicide on Dec. 11, 2010. It is "the largest victim of the fraud perpetrated by Bernard L. Madoff," losing $7 billion. Abend wants $473,940. The lawsuit alleges the company was Madoff's "in-house marketing arm" and critical to Madoff's scam. That group managed several funds marketed under the Rye Select Broad Market Fund,[194] which charged a 1% management fee and a 0.5% administration fee. But the gutting losses and shame also destroyed those closest to him, his own family. The complaint states, he lied about putting the money with Madoff, failed to disclose conflicts of interest, and collected over $470 million in fees for his three hedge funds, Ascot Partners LP with Ascot Fund Ltd., Gabriel Capital Corp. and Ariel Fund Ltd. His 2-year-old son, Nicholas, was found alone in the apartment with the family labradoodle, both unharmed. The pension fund case is Retirement Program for Employees of the Town of Fairfield v. Madoff, FBT-CV-09-5023735-S, Superior Court of Connecticut (Bridgeport)[43], On April 30, 2009, Peter demanded a $500,000 licensing fee as part of the sale of BLMIS for intellectual property used by the market-making business, but it was rejected by the bankruptcy trustee who maintains that the patents are the property of the business. The directors included the deceased Mark Madoff and the critically ill Andrew Madoff, being treated for mantle cell lymphoma in Seattle at the time of the verdict. The pension fund case is Retirement Program for Employees of the Town of Fairfield v. Madoff, FBT-CV-09-5023735-S, Superior Court of Connecticut (Bridgeport)[43], On May 18, 2009, the hedge fund was sued by bankruptcy trustee, Irving Picard. [78], Saul Katz, alongside Fred Wilpon, and other Sterling partners, was sued by the Madoff trustee Irving Picard. All of his grandchildren have changed their last names to avoid being linked with their grandfather, according to Town & Country. The pension fund case was Retirement Program for Employees of the Town of Fairfield v. Madoff, FBT-CV-09-5023735-S, Superior Court of Connecticut (Bridgeport)[43], She did not attend her husband's sentencing. The rise and fall of Bernie Madoff, whose Ponzi scheme bilked $65 billion from unsuspecting victims; the largest fraud in US history. After law school, Peter Madoff's daughter became his deputy at Uncle Bernie's firm, where she served as a compliance director . A settlement reached with his family requires the forfeiture of assets held by his wife, Marion, his daughter, Shana Madoff Swanson, and other family members.[36]. Both sons had just purchased multi-million-dollar homes on those cards Mark in Nantucket, Andrew in Manhattan the year before the schemes collapse. Andrew Madoff (1966-2014)Ruth Madoff (ne Alpern; born May 18, 1941) [citation needed] is the wife of Bernie Madoff, the convicted American financial fraudster who is serving a prison sentence for a criminal monetary scheme. Best Travel Backpacks For Every Type Of Traveler, Everything (!!!) From 19961999 his regular trading account made from 120550% a year. [100] The Picowers' lawyer, William D. Zabel of Schulte Roth & Zabel, responded that, "They were totally shocked by his fraud and were in no way complicit in it."[99]. He agreed to forfeit $3.18 million in accounting fees and withdrawals from his account with Madoff, as well as his three-story, 4,400-square-foot house in New City and one other property. [165] Maurice "Sonny" Cohn owned 48% of Cohmad, and his daughter Marcia, who served as president and chief compliance officer owned 25%. Since 2002, the funds withdrew at least $494 million from Madoff returns that Merkin "knew or should have known" were fraudulent. Investors who filed an involuntary personal bankruptcy petition against Madoff want his business's U.K. unit's bankruptcy moved to New York because "overlapping discovery, related assets and common creditors" among the various cases mean they should be in the same court. He is well-known for exposing the Ponzi scheme that his father, Bernie Madoff, committed. Bernie Madoff once banned his young grandchildren from his lavish penthouse, for fear that theyd ruin the place with their sticky fingerprints and messy eating. But for his wife, Ruth, his late sons Mark and Andrew, his brother and sister, and even to some extent his six grandchildren, the years between Madoffs 2009 arrest and his death in prison Wednesday, have been marked by illness, forfeiture, suicide and stigma. The lawsuit alleges breach of fiduciary duty, and unjust enrichment. Photo: Andrew Harrer/Bloomberg via Getty Images. Madoffs brother, Peter, was also arrested and sentenced to 10 years in jail for his part in the Ponzi scheme. He had a home in Beverly Hills, and an apartment in New York. Madoff's son Mark Madoff died from suicide in 2010, while his other son Andrew Madoff died of lymphoma in 2014, blaming the recurrence of his cancer on his father. Levy had offices one floor below Madoff's in New York's Lipstick Building. [138] Another Noel son-in-law's territory included Asia. Bongiorno joined Madoff Investment Securities in 1967, soon after graduating high school; only Madoff's wife Ruth and brother Peter were at the firm longer. a rental townhouse in Old Greenwich, Conn. Madoff biographer and business journalist Jim Campbell, his sentence for his involvement in the scheme, was released from home confinement and federal custody, sold his seized, $3.5 million Long Island mansion, banned his young grandchildren from his lavish penthouse, to repair his relationship to his grandchildren. N.Y.); Finkelstein v. Tremont Group Holdings, Inc. (08 CV 11141, S.D. She net worth has been growing significantly in 2018-19. [23], In August 2008, JPMorgan Chase pulled $250 million from this Madoff feeder fund account. [161], As of May 18, 2009, Merkin's control of Ascot, Gabriel and Ariel hedge funds are to be placed into receivership for liquidation by Guidepost Partners. He was hanging from a black dog leash that had been looped around an exposed ceiling pipe. Ruth Madoff is worth $2 million today, according to Celebrity Net Worth. Bernie Madoff: Bernard Lawrence "Bernie" Madoff is an American financier who executed the largest Ponzi scheme in history, defrauding thousands of investors of tens of billions of dollars over the . Kimberly Unger / Security Traders Association of New York via AP, file. In 2007, Aksia LLC, a hedge fund consultant, warned its clients to stay away from Madoff for that very reason; its CEO, Jim Vos, likened this situation to General Motors being audited by a three-person firm. Paul J. and Judith Konigsberg are officers and directors of the foundation. [3], Authorities in the U.K. are seeking evidence of money laundering involving the London business, Madoff Securities International Ltd., which opened in 1983 as a separate legal entity from Mr. Madoff's U.S. New York office. Cohmad's securities registration has been revoked, and they must provide an accounting of all fees the company or its agents earned for referring Massachusetts investors to Mr. Madoff's firm as well as, pay a $100,000 fine for failing to cooperate with the state securities investigation. [195] For investing $3.3 billion, Tremont was scheduled to receive over $30 million in fees in 2008. Business Investment Scam Wall Street Book Excerpt. Peter Madoff, brother of disgraced financier Bernie Madoff, walks out of a federal courthouse in New York on June 29, 2012, after pleading guilty to charges of conspiracy and fabricating investment records as part of his brother's Ponzi scheme. Madoff has been appeared in the television series by Blythe Danner in 2016 and also presented in the movie . Some investors of Tremont had a net gains and could have been subject to clawbacks from the bankruptcy attorney if Tremont was forced into insolvency and the bankruptcy attorney could then examine the books of Tremont to see the actual investors' net Madoff gains. [96], On September 3, 2014, Andrew Madoff died of mantle cell lymphoma at Memorial Sloan Kettering Cancer Center in New York City. Bernie Madoff lost nearly $1 billion. As Peter B. Madoff pleaded guilty last Friday, he tried to sell a doubting world the "Baby Brother" defense . In Dec 2012 Bonventre's request for access to his seized funds for legal defense purposes was turned down by U.S. District Court. His multiple properties were auctioned off in 2009. Court filing reveals Madoff's net worth at least $823 million. Last Updated: February 2023. ADVERTISEMENT. He faced up to 85 years in prison. Mutual Life Ins. From 19962007 there were 14 instances of greater than 100% yearly returns, and 25 of greater than 50%. Neither is Fred Wilpon. He only got an office when Madoff told him that some investors were asking questions about the audits. Bernard Lawrence Madoff (April 29, 1938 - April 14, 2021) was an American fraudster and financier with an estimated net worth of -$17 billion. Shana Madoff Net Worth. Madoff told investors DiPascali executed trades. 21. The firm compiled profits, losses, and gains, and prepared tax-summary statements and schedules to be used by a client's regular accountant for income tax returns, producing one-page monthly statements and a quarterly statement. I love you, he texted his wife, Stephanie, who hed met shortly after his divorce from Elkin, and who was in Disney World in Orlando with her mom and 4-year-old daughter, Audrey. Its total sales for the same period were $3,748,397. Prosecutors asked at least three employees, Eric Lipkin, JoAnn Crupi, and Robert Cardile, who is Mr. DiPascali's brother-in-law, about his role in the firm. I'm sorry.". This story has been shared 114,023 times. [196][197]. Profession: Financial fraudster. Interest on the loans was paid by dividends made by the London operation. According to court filings, she received more than $3 million from the business over the prior six years to pay personal expenses charged to her American Express card, and $2 million in payments to a business called PetCare RX. It was later ruled suicide by hanging by a New York City medical examiner. [211], On April 16, 2015, the United States Bankruptcy Court for the Southern District of New York approved an agreement between Picard on the one hand, and Defender and related entities on the other hand. It also included a s sets of his wife and daughter and other family members. But even with Madoff gone, his victims are still reeling from the aftermath of his actionsincluding some of his own family members. It's twice the size of the net worth of the world's richest person. [47][48], A forfeiture order requires Peter to surrender all of his assets to the government, including cash, homes, cars and a Rolex watch. Massachusetts Mutual Life Insurance Co. has agreed to pay more than $1 billion to customers of the now-imprisoned Bernard Madoff in July 2011. 45 Best True Crime Shows To Watch In 2023. Who Is Elizabeth Holmes' Husband, Billy Evans? [11], Evidence is being gathered by investigators on a U.S.-U.K. task force that Konigsberg and Levy, a real-estate mogul and philanthropist are believed to be involved in an international transfer of money. [81], Gregory Katz, a Sterling Equities Partner alongside Fred Wilpon and Saul Katz, was sued by the Madoff trustee Irving Picard. ; Arthur M. Brainson IRA R/O v. Rye Select Broad Market Fund, L.P., et al. [164], Cohmad Securities, whose name combines "Cohn" and "Madoff," founded in 1985 by Madoff and Cohn, Madoff's friend and former neighbor. Madoff's lawyer, John R Wing, showed his client as a member of a charitable family, and loving man who was betrayed, bullied and destroyed by the imperious older brother who he had idolized all his life and who his mother loved more than she loved Peter. Richard Spring, of Boca Raton, Florida, received payments from Cohmad for many years in exchange for bringing investors and investment ideas to Madoff. Non-family members with shares included Maurice J. He agreed in a plea agreement and the signed Information document[107][108] to connect the dots and to name names, with sentencing originally anticipated in May 2010. [43], On June 16, 2009, former employees Richard Stahl and Reed Abend filed separate lawsuits against Madoff's sons claiming nearly $2 million in deferred compensation. . The trustee claimed Chais and his entities reaped about $1 billion in profit from fake securities transactions. On December 20, 2012, Peter Madoff was sentenced to 10 years in prison. Jaffe reportedly convinced the elder Shapiro to invest $250 million with Madoff just 10 days before Madoff's arrest. [4], Paul Konigsberg, a New York City accountant and a longtime friend for more than 25 years, prepared two Madoff Family Foundation tax returns, and received the non-voting shares, valued at $35,000. [144] However, the money may already be in the hands of Fairfield's own clients, who are likely off-limits to Picard, since they weren't direct investors with Madoff. The liquidation trustee of Madoff's firm has implicated managers of the feeder funds for ignoring signs of Madoff's deception. (No. [87] Madoff has contended that his sons were not involved in the fraud, a claim backed up by his longtime secretary, Eleanor Squillari; she believes that if the sons were involved in the fraud, she would have known about it. regulator will not settle Madoff feeder suit", "Trustee Sues Hedge Funds Over Losses to Madoff", "Picard's Latest: A Huge Lawsuit Against Fairfield Greenwich", "Fairfield Greenwich Asks to Dismiss Suits Over Madoff (Update2)", "Judge Approves Liquidation of Madoff Feeder Funds", "Madoff Firm Trustee Seeks $50 Billion as Clawback Window Closes", "Madoff Trustee Seeks $19.6 Billion From Austrian Banker", "GMAC's Merkin, Ascot Fund sued over Madoff investments", "Blumenthal May Investigate Charities Ripped Off By Madoff", "Merkin charged with civil fraud in Madoff case", "Trustee Sues Madoff Hedge Fund Investor", "Hedge Fund Manager Merkin to Pay $405 Million in Madoff Settlement", "New York Says Madoff Trustee Waited Too Long to Stop Merkin Deal", "Madoff Bankruptcy Trustee Sues Cohmad Securities (Update2)", "SEC Files Fraud Charges Against Cohmad, Co-Founder in Madoff Case", "Scandal sullies Robert Jaffe as feds probe ties to Bernard Madoff", "Fund Fraud Hits Big Names; Madoff's Clients Included Mets Owner, GMAC Chairman, Country-Club Recruits", "Madoff associate skips court hearing Times Online", "Cohmad Securities, Robert Jaffe face tough questions about Madoff ties | Muckety.com See the news", "U.S. investors sue Madoff-linked broker for fraud", "William Galvin Sues Salesman Robert Jaffe Demands Testimony", "Madoff-Tied Brokerage Loses Its Registration", "Government Files Notice Seeking Madoff Assets - DealBook Blog - NYTimes.com", "Cohmad's Jaffe Seeks Dismissal of SEC, Picard Counts (Update1)", "Los Angeles investment manager Stanley Chais sued for funneling cash to Bernie Madoff fund", "Bernie Madoff friends estate agrees to pay $277 million to end lawsuit,", "Financial advisor Stanley Chais sued in Bernard Madoff scheme", "Accused Madoff middleman Stanley Chais dies,", "A Beverly Hills investor's ties to Madoff sink many Los Angeles Times", "Weinberg loses life savings in Madoff Ponzi scheme | Politicker NJ | New Jersey Politics News, Reaction, and Analysis", "In Madoff Case, Politicians Current and Former Feel the Loss", "Stanley Chais dies at 84; money manager invested with Bernard Madoff", "Madoff trustee reaches $277 million accord with money manager's family,", "ORDER PURSUANT TO SECTION 105(a) OF THE BANKRUPTCY CODE AND RULES 2002 AND 9019 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE APPROVING AN AGREEMENT BY AND AMONG THE TRUSTEE AND THE ESTATE OF STANLEY CHAIS AND OTHER DEFENDANTS,", "Tremont Group Funds Invested $3.3 Billion With Madoff (Update1)", "Feeder Fees Topped $790 Million - WSJ.com", "Town of Fairfield suit against NEPC and KPMG", "Mealey's Emerging Securities Litigation Report: Tremont Group Moves To Consolidate Madoff Cases", "Maxam hedge fund sues auditors over Madoff losses", "Fairfield Minuteman Town secures pledges of $25M in Madoff scandal", "Madoff feeder fund settles; victims' recovery tops $10.6 billion", "VI 'feeder fund' sues bank to recover Madoff monies", "HSBC warned about Madoff 'fraud and operational risks' in two KPMG reports - The Royal Gazette:Bermuda International Business", "Ruling casts doubt on $141m case against HSBC's Irish arm", "Irish arm of HSBC bank being sued over Madoff scheme", "BVI investment fund sues HSBC's arm over Madoff Ponzi scheme - BVI Offshore Business: Grey Area", "Judge says recusal hearing in Madoff case would be 'waste of court time', "Marathon Madoff Ponzi case settled before opening in High Court", "Fiserv not responsible for losses in Madoff scheme, judge rules", "Former Madoff trader David Kugel pleads guilty to fraud", "Ex-Madoff Trader Kugel Admits to Creating Records of Fake Trades", "Ex-Madoff trader turned prosecution witness avoids prison time", "Ex-Madoff Employee Craig Kugel Pleads Guilty to Scheme", Frank DiPascali DOJ Information/Plea Agreement, Serious Fraud Office broadens investigation to Madoff feeders, Exhibits 2748 from Civil Fraud Complaint, Bankruptcy Complaint against J. Ezra Merkin, Complaint against Harley International (Cayman) Limited, Commonwealth of Massachusetts Secretary of State Complaint, Picard v. Cohmad Securities Corp. 09-AP-1305, SEC v. Cohmad Securities Corp., 09 Civ. [120] In a bid for leniency, Bongiorno maintained that Madoff deceived her into printing bogus trade records. The agreement was made with the Stanley Chais estate, Chaiss widow, children, and a number of other Chais family members, investment funds, trusts, companies, and other entities associated with Chais. The Madoff saga is far from over. Peter Madoff and daughter Shana are also defendants. Bernie Madoff, in full Bernard Lawrence Madoff, (born April 29, 1938, Queens, New York, U.S.died April 14, 2021, Federal Medical Center, Butner, North Carolina), American hedge-fund investment manager and former chairman of the NASDAQ (National Association of Securities Dealers Automated Quotations) stock market. Bernie Madoff became famous for stealing an obscene amount of money: $65 billion to be exact, per CNBC. Wall Street in shreds, the watch dogs fast asleep, bonus-stuffed executives laughing all the way out of the busted banks . Madoff's death comes about 12 years into a 150-year prison sentence stemming from fraud charges that bilked thousands of investors out of an estimated $65 billion in promised returns on $20 . Madoff International's listed assets are as much as $500 million and debt of more than $1 billion in its bankruptcy petition. One receiver will be responsible for managing the remaining money, nearly $1 billion, in the Gabriel and Ariel funds, and another will be responsible for overseeing Ascot, whose entire $1.8 billion in assets was lost to Madoff's Ponzi scheme. Stephanie Mack hasn't remarried since the death of her husband, Mark Madoff, on 11 December 2010.