Madoff's wife turfed out of penthouse

03 July 2009 | 08:08:02 AM | Source: AFP/SBS

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Bernard Madoff was jailed for 150 years for swindling thousands of people out of their life savings

US authorities have seized the Manhattan penthouse of convicted Wall Street fraudster Bernard Madoff, evicting his wife Ruth.

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Madoff was jailed for 150 years for masterminding an "extraordinarily evil" multi-billion-dollar investment scam that cheated thousands of people around the world out of their life savings.

"US marshalls went and seized the property," marshall spokeswoman Nikki Credic said on Thursday, as attempts to claw back some of the money swindled by Madoff continued.

Ruth Madoff, who has not been shown to be complicit in her husband's elaborate "Ponzi" scheme, released a statement condemning the former Nasdaq chairman's actions.

Mrs Madoff "voluntarily left" the seven-million-dollar Manhattan suite after officials arrived, Credic said.

On Monday, a New York court ordered Madoff to forfeit more than US$170 billion in illegally obtained assets.
 
In an accompanying order, a district court also stipulated that Ruth Madoff be stripped of US$85 million in assets, leaving her with US$2.5 million in cash.

 

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