11 of Ruth Madoff’s Other Cost-Cutting Measures

by eliz on May 11, 2009

A password-protected Web site for victims of Ponzi-scheme artist Bernie Madoff was recently set aflame by a report that Ruth Madoff was seen trying to return 15 Chanel handbags to Bergdorf Goodman before going on a returning spree at Saks. When your property and (findable) bank accounts have been seized and the feds are closing in, a gal’s forced to get creative with what assets she’s got left. Here are some of Ruth’s frugality hacks:

  1. Turning the rest of her designer handbag collection (including her $7500 Birkins) into income by renting them out, a la Bag Borrow or Steal. She’s calling it Bag Lady! by Ruth.
  2. Cutting down on takeout from Le Cirque from five times a week to three.
  3. Two words: Miss Clairol.
  4. Holding cocktail parties at the hot dog cart around the corner from her $7 million Manhattan pad.
  5. Lobbying to be added to the cast of “The Real Housewives of New York City” (if there is a third season) so she can avail herself of the free couture and party invites. Or maybe she’ll just befriend Ramona and mooch some jewelry from her HSN line to replace what she, um, misplaced.
  6. Auctioning off their regular table at the Palm in East Hampton on eBay.
  7. Finally learning to navigate the New York subway system to visit prisoner 61727-054 downtown.
  8. Canceling the CSA share she ordered in Cap d’Antibes. Doesn’t look like they’ll be spending much time there and anyway, there’s only so many leeks one can eat.
  9. Organizing a fund-raising concert to be headlined by the Bacon Brothers.
  10. Flooding Palm Beach consignment shops with her wardrobe of Lily Pulitzer resort wear and asking the Palm Beach Country Club for a pro-rated refund of this year’s dues.
  11. Authoring a sequel to her 1996 cookbook, this one titled “Canned Beans Can Be Kosher!” 

Check out today’s other lists at Anna’s:

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{ 2 comments… read them below or add one }

1

abdpbt 05.11.09 at 3:33 pm

She probably has started to use $1 bills instead of $100 bills when she strips down and rolls around in piles of money, is my guess.

Also, I came here before you let me know you had a list this week. Yes, I’m THAT good.

abdpbt’s last blog post..45 Abandoned Hallmark Holidaysli

2

eliz 05.11.09 at 3:37 pm

You ARE good!

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