BREAKING NEWS

Feds seize Madoff's $7 million Manhattan penthouse, wife leaves

Federal marshals seized a $7 million Manhattan penthouse belonging to disgraced financier Bernard Madoff on Thursday and forced his wife to move out and leave her possessions behind. The financier's wife, Ruth Madoff, first argued with marshals who came to the apartment and asked to stay, then asked if she could take a fur coat with her, a federal official informed of Madoff's departure told The AP. The official wasn't authorized to discuss details of her encounter with marshals and spoke on condition of anonymity. The official said Ruth Madoff walked out of the apartment carrying just a straw bag after she was told she couldn't take her coat, the official said Proceeds from a sale of the property and its contents could be used to help reimburse those who lost billions of dollars investing with Madoff before he confessed to running a Ponzi scheme.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy