Madoffs were worth more than $823M, documents show

March 14, 2009 00:05


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Bernard Madoff's deluxe lifestyle included $22 million in properties stretching from New York to the French Riviera, a $7 million yacht and even a $39,000 piano, according to a document his lawyers filed Friday. The document, which said the disgraced financier and his wife had a combined net worth of more than $823 million at the end of last year, was contained in papers filed with the 2nd US Circuit Court of Appeals in an effort to get Madoff freed on bail. US District Judge Denny Chin sent Madoff to jail Thursday after the 70-year-old financier pleaded guilty to 11 charges, including securities fraud and perjury. He faces up to 150 years in prison at his sentencing, set for June 16.

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