Report: Ruth Madoff Agrees To Forfeit $80M

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The wife of disgraced financier Bernard Madoff is reported to have given up her claim to more than $80 million in property whose forfeiture is being sought in the case against him, the Wall Street Journal has reported.
Under a preliminary court order issued Friday, the Madoffs are to forfeit interests in $171 billion in assets, including properties belonging to them, including homes in Manhattan, Montauk, N.Y., and Palm Beach, Fla., worth a total of nearly $22 million.
The judge's order authorized the U.S. Marshals Service to sell the properties, along with certain cars and boats.
The Madoffs must also forfeit all insured or salable personal property contained in the homes.
Other seized assets include accounts at Cohmad Securities Corp., valued at almost $50 million, and at Wachovia Bank, valued at just over $13 million, and tens of millions of dollars in loans extended by Madoff to family, employees and friends.
Prosecutors said, under the arrangement, the government obtained Ruth Madoff's interest in all property, including more than $80 million worth of real estate, jewelry and cash assets that she had claimed was hers.
The order left her $2.5 million in assets, which the Order stated will be tendered to her once she vacates the real property and surrenders all personal property.
Ruth Madoff was not charged in the case against her husband. She is not expected to be present at frederal court in Manhattan on Monday when Judge Denny Chin announces the sentence against the financier.
© 2009 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report. Under a preliminary court order issued Friday, the Madoffs are to forfeit interests in $171 billion in assets, including properties belonging to them, including homes in Manhattan, Montauk, N.Y., and Palm Beach, Fla., worth a total of nearly $22 million.
The judge's order authorized the U.S. Marshals Service to sell the properties, along with certain cars and boats.
The Madoffs must also forfeit all insured or salable personal property contained in the homes.
Other seized assets include accounts at Cohmad Securities Corp., valued at almost $50 million, and at Wachovia Bank, valued at just over $13 million, and tens of millions of dollars in loans extended by Madoff to family, employees and friends.
Prosecutors said, under the arrangement, the government obtained Ruth Madoff's interest in all property, including more than $80 million worth of real estate, jewelry and cash assets that she had claimed was hers.
The order left her $2.5 million in assets, which the Order stated will be tendered to her once she vacates the real property and surrenders all personal property.
Ruth Madoff was not charged in the case against her husband. She is not expected to be present at frederal court in Manhattan on Monday when Judge Denny Chin announces the sentence against the financier.
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"moron", and other stuff on here aimed at people who share a comment or
opinion. I like the idea of Madoff having to work and live on minimum wage
the rest of his life. The ACLU would probably get the sentence thrown out.
My second favorite idea would be to send him to Singapore or China, with a
request to "rehabilitate" him. That would be a hoot. I'm sure that they
could come up with a creative consequence.
The South Carolina Governor is now the newest in line unable to understand that he was morally, ethically and most likely illegal in his 8 year affair with a Argentine tripe. How many South Carolina tax dollars were spent for flights, hotels, entertainment, fuel, flowers, clothes, jewelry and staff over 8 years to hide and promote his side line love affair. The govenor and the party elite want to hang on to the seat just like the judge in the Mrs. Madoff case wants to ignore her guilt.
Because her gender is female.
Put the shoe on the other foot of gender ''equality''.
If Ruth was the Ponzi scheme perpetrator,
and Bernard was the ''oblivious'' spouse along for the ride,
he would not get one - red - cent.
"Would you like fries with that?"
She probably has someone wipe her arse because doing it herself is below her.