Prosecutors will seek Madoff's wife's money too
Federal prosecutors have notified a New York court that they also want the assets of Bernard Madoff's wife.
In a court filing, the government said it will seek the USD 7 million Manhattan penthouse as well as another USD 62 million that Ruth Madoff had sought to keep.
The 70-year-old Bernard Madoff pleaded guilty last week to securities fraud and perjury, among other charges.
Madoff's lawyers had indicated earlier that they planned to claim Ruth Madoff was entitled to keep as much as USD 69 million in assets.
They said the assets were not part of Madoff's fraud and that they were in her name.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.