Madoff's Wife to Reveal Purchases

The Wall Street Journal reports:

Ruth Madoff, the wife of convicted Ponzi-scheme operator Bernard Madoff, reached an agreement with a court-appointed trustee who is gathering assets for defrauded investors whereby she will provide the trustee with a monthly accounting of her income and payments.

Under the agreement, approved on Friday by a federal bankruptcy judge overseeing the liquidation of Mr. Madoff's defunct firm, Mrs. Madoff will account for any expense that exceeds $100.

The agreement was reached as part of a lawsuit filed last week by the trustee, lawyer Irving Picard, against Mrs. Madoff. The lawsuit seeks to recover some $44 million on behalf of victims of the Madoff fraud.