Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Thursday, July 02, 2009

U.S. Marshals Begin Seizure Of Madoff Property In NY


NEW YORK (Reuters) – U.S. marshals began on Thursday the seizure of the luxury $7 million Manhattan apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth Madoff, officials said.

Two spokesmen with the U.S. Marshals Service in New York said marshals were carrying out the orders of a judge made in the days before Madoff was sentenced on Monday to an effective life term for his multibillion-dollar fraud.

The Madoffs agreed with U.S. prosecutors to forfeit any claims to their assets, property and accounts and after Madoff, 71, pleaded guilty in March to orchestrating Wall Street's biggest investment fraud.

"There are marshals on the premises today," said spokesman Roland Ubaldo.

GO HERE to read more.

6 comments:

Anonymous said...

All of us know what we will do next. We will collectively pay the victims back out of our taxes. We don't have a problem with that, now do we?

Anonymous said...

Could someone tell me what happened with his wife?

Orsonwells said...

I heard she gets to keep 2.5 mil, and go away. I'll bet there's a lot of retirees who would have been happy with half that deal.

Anonymous said...

I think someone will sue her to try and get that money.

Anonymous said...

They are going to charge more people, it will come. The wife will blow her brains out.

Tidewaterbound said...

Quote: Orsonwells said...
I heard she gets to keep 2.5 mil, and go away. I'll bet there's a lot of retirees who would have been happy with half that deal.

4:28 PM
--------------

I hope they DO take it away from her. SHE KNEW and rolled in the ill-gotten gains right along with her husband. They should jail HER butt too.