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Prosecutor's will seek Madoff's wife's money
Federal prosecutors have notified a New York court that they also want the assets of Bernard Madoff's wife. In a court filing, the government said it will seek the $7-million Manhattan penthouse as well as another $62-million that Ruth Madoff had sought to keep.The 70-year-old Bernard Madoff pleaded guilty on Thursday to charges he orchestrated the biggest financial swindle in Wall Street history, cheating investors out of billions of dollars in a fraud whose magnitude shocked the public and drew demands for stricter regulations. Madoff's lawyers had indicated earlier that they planned to claim Ruth Madoff was entitled to keep as much as $69 million in assets. They said the assets were not part of Madoff's fraud and that they were in her name. Posted by: Fred 2009-03-17 |
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