Government Files Notice That They’re Going After Madoff Family Assets

March 16, 2009

(ChattahBox) — While Bernard Madoff has pleaded guilty and been locked away hopefully for the rest of his life, things are far from over. Federal prosecutors filed a notice in federal court Sunday evening declaring its intent to seek the forfeiture of property owned by Bernard Madoff and his wife, Ruth.  Madoff’s attorneys have said Ruth Madoff should be allowed to keep nearly $70 million in assets that are in her name, while prosecutors and cheated investors strongly disagree.

Among the listed properties and assets sought include 4 homes; in Manhattan and Montauk, N.Y., Palm Beach, Fla. and the Antibes in France plus a Wachovia bank account in Ruth Madoff’s name holding more than $17 million, $45 million in securities held at COHMAD Securities and Madoff’s interest in COHMAD Securities.  Other items sought by prosecutors include yachts, all bearing names ending in “Bull”; four cars; silverware; and a Steinway piano. Because Madoff pleaded guilty without a deal with prosecutors, he was and is under no obligation to cooperate. He faces 150 years in prison when he is sentenced June 16.


Comments

2 Responses to “Government Files Notice That They’re Going After Madoff Family Assets”

  1. James Raider on March 16th, 2009 2:15 pm

    The Judicial system is missing the boat on this one. There is a deal that should be made with Madoff.

    http://pacificgatepost.blogspot.com/2009/03/deal-to-make-with-madoff.html

    The objective is NOT revenge, but Restitution and Reconstruction.

  2. Government Files Notice That They’re Going After Madoff Family Assets on June 22nd, 2009 4:09 pm

    […] that are in her name, while prosecutors and cheated investors strongly disagree. Among the list click for more var gaJsHost = ((“https:” == document.location.protocol) ? “https://ssl.” : […]

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