Ruth Madoff may very well be off the hook for any alleged wrongdoing when it comes to her role in hubby Bernard Madoff’s illegal business dealings.

The New York Post reports today that Mrs. Madoff won’t be prosecuted for anything related to Bernie’s $65 billion Ponzi scheme, since there is a lack of evidence that she was involved in — or even knew of — his scam. One source said that after a six-month investigation into her financial records and after talking to many people, they found "no criminal exposure" for Ruth. Ruth yesterday said she, too, was a victim of her husband’s deceit.

But that doesn’t necessarily mean she’s in the clear forever. For months, speculation has been swirling that Ruth, the two Madoff sons and others could be prosecutors’ next targets — especially now that Bernie has been sentenced to 150 years in prison. Many Madoff victims think there’s no way the family couldn’t have known something about Bernie’s scheming, since his entire business was a family affair. Newsday talked to legal sources who agree that Bernard Madoff didn’t act alone. It has been reported that at least ten more people could face charges. CBS News reports that more than 100 subpoenas have been sent out by federal prosecutors in the Madoff case.

"As for Madoff’s particular case, the very idea that he acted alone utterly beggars belief," writes Randall Forsyth at Barrons.

What do you think? Could Ruth Madoff and her two sons, who worked with Bernard, really have been ignorant about his schemes?