The Blotter: Brian Ross Investigates

Prosecutors Want Over $30 Million from Madoff Sons

Admitted $50 billion fraudster Bernie Madoff lent his sons, Andrew and Mark, over $30 million since 2004 and the government wants the money to go into the fund to repay Madoff's investors, according to a court filing Tuesday. Prosecutors also want to seize Ruth Madoff's jewelry collection, valued at over $2.6 million. Madoff pled guilty to 11 felony counts Thursday including securities fraud, mail fraud, wire fraud, money laundering, and perjury. He faces a 150 year sentence. But the...Full Story
Commenting on this article is closed.
Member Comments (41)
 
ABC News on Facebook
Connect with Us
Social Tools Facebook Twitter Twitter Connect with Us YouTube RSS
ABC News Newsletters