Business

Ruth was no babe in Madoff’s scam

What’s the truth, Ruth?

A newly revealed 2006 audit of Ponzi king Bernie Madoff’s fraudulent investment firm provided tantalizing indications that his wife — who has long claimed ignorance of her hubby’s scam — knew far more about it than she has claimed.

In a highly-detailed report done for the Spanish-owned Banco Santander Securities, which ultimately lost $3.2 billion when the scheme collapsed, Madoff’s wife Ruth is described as playing an active role in the firm’s operation just two years before the scam was uncovered.

“Bernie’s wife remains his bookkeeper for the business and she comes in 3 days a week,” the audit stated.

“It contradicts everything that has been said about her. Her story’s always been about ‘Oh, I didn’t know,” but this makes it look very different,” a source familiar with the document told The Post.