Filed under: Law, Scandals

On Monday, convicted con man Bernie Madoff was sentenced to 150 years in jail, and today federal authorities took possession of his $7 million Manhattan penthouse, forcing his wife to leave and look for somewhere else to live.

Ruth Madoff was told ahead of time that she would be forced to vacate her lush Manhattan penthouse, and reportedly she did leave the property this afternoon around 1 PM EST. The penthouse, on East 64th Street will be sold, with the proceeds being used to help reimburse the victims of the nations largest ever Ponzi scheme.

Continue reading Federal authorities take possession of Madoff’s home

Federal authorities take possession of Madoff’s home originally appeared on BloggingStocks on Thu, 02 Jul 2009 18:30:00 EST. Please see our terms for use of feeds.

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This entry was posted on Saturday, July 4th, 2009 at 11:55 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.