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Apr 08,2009
Ruth Madoff to contest home seizures
by UPI

NEW YORK -- An attorney for Ruth Madoff, wife of disgraced investor Bernard Madoff, says his client will fight the government's seizure of $62 million and two homes.

Court documents filed by attorney Ira Sorkin contend the money and the residences in Manhattan and on the tip of Long Island, N.Y., were not the result of her husband's investment Ponzi scheme and are not subject to forfeiture.

Sorkin declined comment on the filings. However, the New York Daily News Wednesday said Ruth Madoff was in discussions with the government over what assets she could keep.

The sources said Madoff contends much of the cash in her bank accounts came from an inheritance from her father.

An attorney representing investors fleeced in the Madoff scandal told the newspaper that he doubted the contested assets could have come from anywhere other than her husband's criminal activities.

Copyright © 2009, by United Press International. All Rights Reserved.

655 times read

Related news
Madoff mansion said protected from seizure by UPI posted on Mar 17,2009

The Ponzi king by The Milwuakee Journal Sentinel posted on Mar 16,2009

U.S. seeks Madoffs' four homes, assets by UPI posted on Mar 16,2009

Madoff remains jailed, appeals court rules by UPI posted on Mar 20,2009

Cancer patient at risk due to Madoff loss by UPI posted on Mar 06,2009

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