Feds Seek to Seize Ruth Madoff's Assets

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


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.

    Madoff, Bernard
    Wall Street
    • 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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