Ruth Madoff is living in a $3.8M waterfront home with former daughter-in-law’s family
Publicly available records suggest that Ruth, 79, moved into the house in September.
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Ruth Madoff is finally living in style again — sharing a $3.8 million waterfront mansion in Connecticut with a former daughter-in-law’s family, the New York Post has learned.
Just hours after the prison death of her widely reviled husband — infamous fraudster Bernie Madoff — Ruth declined to come to the door at the sprawling, four-bedroom house in the swank Lucas Point section of Old Greenwich.
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"She is here, but she’s not available," said a young woman with long, dark hair who held back a large dog.
Publicly available records suggest that Ruth, 79, moved into the house in September. Before that, she was living in virtual exile in a rented, 989-square-foot townhouse on the other side of the tracks in Old Greenwich, The Post revealed in 2017.
Ruth, who dropped any claim to about $80 million in assets held by her and Bernie in exchange for $2.5 million in cash, moved there in 2012 to be closer to her grandchildren after briefly living in a condo in Boca Raton, Fla.
The Lucas Point house was built in 2005 and boasts nearly 4,000 feet of living space, including a double-height entry gallery, two fireplaces, a private dock and floor-to-ceiling windows with views of Greenwich Cove, according to the Zillow real estate website.
Records show it’s owned by Susan Elkin, 56, the first wife of Ruth and Bernie’s elder son, Mark, with whom she had two kids, Daniel Madoff, 29, and Kate Madoff, 26.
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Mark committed suicide in 2010 by hanging himself on the second anniversary of his father’s blockbuster arrest for his record-setting, $65 billion Ponzi scheme.
"Bernie, now you know how you have destroyed the lives of your sons by your life of deceit. F–-k you," wrote Mark, 48.
In 2012, Elkin was sued for $2.4 million by the bankruptcy trustee who clawed back Bernie Madoff’s ill-gotten gains for distribution to his victims.
The case was settled for an undisclosed amount two years later.
Elkin’s husband, Richard Elkin, 56, is president of the Gotham Technologies water treatment company in Norwalk, Conn., and has served as vice president of the Lucas Point Association, records show.
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Susan declined to comment when reached by phone.
Bernie Madoff has died in a federal prison
Bernie Madoff, who orchestrated the largest ponzi scheme in history, has passed away in federal prison at 82 years old.
To read more from the New York Post, click here.