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| -Lurid Crime Tales- |
| Prosecutor's will seek Madoff's wife's money |
| 2009-03-17 |
| 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 |
| #2 Let their sons support her in her old age, as so many others must do whose aged parents have lived beyond their assets. Posted by: trailing wife || 2009-03-17 10:34 How about all of those that lost their retirement due to Barry Madoaf's ponzi scheme? They have to be supported by THEIR children, why shouldn't Ruth do the same? |
| Posted by: Old Patriot 2009-03-17 14:43 |
| #1 It's my understanding that when they married, Bernard and Ruth Madoff had practically nothing. Thus, everything she has is a result of his efforts, or their joint efforts, and should be fair game for recovery. Let their sons support her in her old age, as so many others must do whose aged parents have lived beyond their assets. |
| Posted by: trailing wife 2009-03-17 10:34 |