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Prosecutors: Ruth Madoff's $100 Million Net Worth "the fruits of her husband's crimes"

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Amerigo Vespucci Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 08:16 AM
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Prosecutors: Ruth Madoff's $100 Million Net Worth "the fruits of her husband's crimes"


NEW YORK — Prosecutors probing Bernard Madoff's massive fraud are determined to leave his wife with almost nothing after telling a Manhattan court that they consider more than $100 million in assets, most of it listed in her name, the fruits of her husband's crimes.

The government even included a $39,000 Steinway piano and $65,000 in silverware, both owned by Ruth Madoff, in items it said it will try to force the Madoffs to forfeit. The list was in a three-page document filed in U.S. District Court late Sunday.

Brenda Sharton, a lawyer with a Boston firm representing several burned investors, said the government's aggressive approach with Ruth Madoff isn't surprising.

"I don't think it's unusual ... given the magnitude of the fraud," she said. "It would be unusual if they didn't go after whatever assets they can get."

http://www.huffingtonpost.com/2009/03/16/ruth-madoffs-100-million-_n_175381.html
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Hubert Flottz Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 08:19 AM
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1. She will be living the "High Life" while their victims get nada.
And if the victims do get their $500,000.00 I think it will come out of the tax payer's pockets.
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 09:02 AM
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2. She can go live with Ken Lay's wife and share those ill-gotten gains. n/t
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