Mrs. Madoff Gets To Keep Her Crib

Ruth Madoff is under heat in regards to whether she can continue to stay at her living quarters or if she has to let the government seize them. Lawyers of Bernie Madoff are claiming that millions in assets of Bernie are in the escrow of Mrs. Madoff and thus untouchable or not relevant in a court of law.

The article, from the New York Times, goes on to say that to argue that the assets in Ms. Madoff’s name are in fact separate, it will be necessary for her to show they were acquired by untainted money. That may be difficult to prove because the records from Mr. Madoff’s investment advisory business do not appear to be very clear. If the government is able to show the brokerage operation was supported by the Ponzi scheme, then money taken from that business may not be immune to forfeiture.


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