Feds Seek to Seize Ruth Madoff's Assets

U.S. goes after homes, boats, cars that are in financier's wife's name.

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Federal prosecutors want disgraced financier Bernard Madoff and his wife to forfeit more than $90 million worth of assets, including homes, boats, cars, and securities. A filing in a U.S. district court in New York on Sunday outlined several fixed and liquid assets ordered seized by prosecutors:

  • $17 million in cash
  • $45 million in municipal bonds at Cohmad Securities Corp.
  • $2.6 million in jewelry
  • $39,000 Steinway piano
  • $65,000 in silverware
  • $11 million home in Palm Beach, Fla.
  • $7 million Upper East Side penthouse apartment
  • $3 million home in Montauk, N.Y.
  • $1 million villa in Cap d'Antibes in southeastern France
  • $10 million for three boats
  • $7 million Leopard yacht
  • $2.2 million fishing boat in Florida
  • Four cars, including a BMW and two Mercedes
  • With the exception of the Long Island home, all of the properties—as well as the cash and securities—are solely in Ruth Madoff's name.


    TAGS:
    Madoff, Bernard
    Wall Street
    crime
    • Kimberly Castro

      Kimberly Castro is the managing editor of Money and Health at U.S. News. You can follow her on Twitter, connect with her on LinkedIn, circle her on Google+, or email her at kcastro@usnews.com.

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