Feds Seize Madoff's $7m Penthouse

Summary


NEW YORK -- Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessions behind, including a fur coat she asked to take with her, an official told The Associated Press.

Proceeds from a sale of the property and its contents could be used to help reimburse those who lost billions of dollars investing with Madoff before he confessed to running a Ponzi scheme.

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Extract


Feds Seize Madoff's $7m Penthouse

U.S. Marshal Joseph Guccione said the marshals arrived at the property at noon with a court order permitting them to take custody of the apartment and ...

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