U.S. seeks Madoffs' four homes, assets
Mar 16,2009 00:00 by UPI

NEW YORK -- U.S. prosecutors are seeking to seize the homes and other valuables of confessed financial scammer Bernard Madoff and his wife Ruth, court documents indicate.

Authorities are looking to confiscate four homes, including residences in New York, Palm Beach, Fla., Long Island, N.Y., and France, as well as $62 million in bank accounts maintained under Ruth Madoff's name, ABC News reported Monday.

Also being sought are a 70-foot yacht named "Bull," four cars including a BMW and two Mercedes, as well as Ruth Madoff's Steinway piano -- valued at $39,000 -- and a $65,000 silverware set, the broadcaster said.

Bernard Madoff is jailed at the Metropolitan Correctional Center in New York after pleading guilty to operating one of the largest Ponzi schemes in history, and is facing up to 150 years in prison at a June 16 sentencing hearing.

The fact that many of the assets are under Ruth Madoff's name shouldn't prevent the government from seizing them, former federal prosecutor Bradley Simon told CNN, saying, "Since she was in the business, too, it's going to be hard to show these assets came from another source other than through the business."

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