The U.S. Marshall ServiceĀ seized the disgraced former financier’s $7 Million Manhattan penthouse today.
Looks like Mrs. Madoff is going to have to find a new spot to call home.
“U.S. Marshal Joseph Guccione said the marshals arrived at the property at noon with a court order permitting them to take custody of the apartment and cause anyone there to move out.”
“Guccione said Madoff’s wife Ruth had been advised in advance of the marshals’ plans and was leaving the residence, surrendering all personal property.”
“She will be leaving,” he said. “Restitution for the victims is the government’s top priority.”
On Monday, the 71 year old Madoff was sentenced to 150 years in prison. He plead guilty in March to a multibillion-dollar Ponzi scheme that wiped out investors and charities.
Last week, Ruth Madoff agreed to give up all of her possessions in return for a promise that federal prosecutors would not go after $2.5 million she can keep. The money, though, is not protected from civil legal actions that might be pursued by a court-appointed trustee liquidating Madoff’s assets or by investor lawsuits.
I wonder if anybody is going to take her to court for the rest of that $2.5 million.
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July 2nd, 2009 at 5:55 pm
Good Riddance!!
I’m glad that this guy was prosecuted to the full extent of the law. People like this man need to be made an example of.
A message needs to be sent that we will not tolerate this kind of behavior.
July 2nd, 2009 at 6:32 pm
I feel kind of bad for the wife… but not really. You know she wasn’t completely in the dark about what was going on.
Either way, she reaped the benefits. Now she has to pay too.
I’ve made like 4 mean comments today now I’m going to stop.