Homeless? Ruth Madoff to Lose Penthouse, Other Homes

Ruth Madoff, the wife of convicted Ponzi schemer Bernard Madoff, will lose the couple's $7 million Manhattan penthouse, according to a stipulation agreed to by the government and Madoff's defense attorneys. The couple's other homes in Palm Beach and the Hamptons are also set to be sold by U.S. Marshals. Meanwhile, the government late Friday submitted its sentencing request, asking Judge Denny Chin to sentence Madoff to 150 years in prison – a term that is the equivalent to consecutive maximum...Full Story
Commenting on this article is closed.