When news broke that Bernard Madoff had swindled thousands of people out of billions of dollars, man...

1. Crime, punishment, and the shame of being a Madoff
When news broke that Bernard Madoff had swindled thousands of people out of billions of dollars,
many assumed that his family must have known all along. But Madoff's wife Ruth and son Andrew
tell Morley Safer they were blindsided when Madoff finally confessed that he'd been running a giant
Ponzi scheme. In their first television interviews, they describe how their once-happy family was
completely destroyed.
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Bernard Madoff
Disgraced financier pleads guilty to perpetrating massive fraud
The following script is from "Madoff" which aired on Oct. 30, 2011
Madoff...It is a name that will live in infamy...It's been nearly three years since Bernard Madoff
confessed to running a $65 billion Ponzi scheme - the largest financial fraud in history. Thousands of
trusting clients who felt safe investing with a financial genius were swindled. He hadn't invested a
penny.
While Madoff is serving 150 years in prison, his family has had to deal with the consequences of his
crimes. His wife Ruth, divested of most of her great wealth - and derided by a suspicious world.
Their son Mark - dead. Driven to suicide by shame and accusations of guilt. Their other son Andrew
isolated - trying to live with the disgrace.
60 Minutes Overtime: Ruth Madoff: Why she's telling her story
60 Minutes Overtime: Sons called in FBI to arrest Bernie Madoff
Are they innocent or were they willing partners? For the first time since Bernie Madoff's arrest, his
son Andrew and wife Ruth speak out about crime, punishment and the shame of being a Madoff.
Morley Safer: It's a tough name to live with.
Ruth Madoff: It sure is.
Ruth Madoff...

2. Safer: Do you feel the shame?
Ruth: Of course I feel the shame. I can barely walk down the street without worrying about people
recognizing me.
And Andrew Madoff...
Andrew Madoff: From the very beginning of this
whole episode-- I've had absolutely nothing to
hide. And I've been eager, I would say almost
desperate to speak out publicly and tell people
that I'm absolutely not involved.
Andrew and Ruth Madoff speak out in the book
"Truth and Consequences"- a more or less tell-
all arranged by Andrew's fiancee Catherine
Hooper. An attempt to separate the family from
the father's crimes.
Safer: Is it dismaying for you that no matter what you say people aren't going to believe you?
Catherine Hooper: I think in many ways it is dismaying, but public opinion has to be something that
doesn't matter to us. What matters to us is the truth.
Safer: It's really hard for people to believe that you didn't know, that you must have known.
Ruth: I can't explain it. I mean I trusted him. Why would it ever occur to me that it wasn't legal? The
business was--his reputation was almost legendary. Why would I ever think that there was something
sinister going on?
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Madoff's Victims
A look at some of the individuals who lost money in Bernard Madoff's Ponzi scheme
It was 1954 when Ruth Alpern met Bernie Madoff in Queens, N.Y.
Ruth: I just saw him and I was sort of swept away, I think.
She married him at age 18. They had two sons - Mark, then Andrew. Bernie was building up his

3. money management business - a typical middle class family living on Long Island.
Ruth: We were both solid parents and valued our family and so proud of our boys. It was a dream,
really.
Andrew: My father was certainly present as a dad.
Safer: Did he emphasize moral values at all?
Andrew: I wouldn't say that we sort of explicitly discussed values. But we certainly lived what I felt
was a moral life, where there was a clear sense of right and wrong.
Deirdre Naphin and Katy Textor are the producers.
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