Published Date:
03 July 2009
US OFFICIALS took possession of disgraced financier Bernard Madoff's £4.3 million Manhattan penthouse in a move that forced his wife to move out.
Madoff's wife, Ruth, had been advised in advance of the plans and left the residence and surrendering all personal property.
Madoff, 71, was sentenced on Monday to 150 years in prison.
He pleaded guilty in March to charges that his investment advisory business was a multi-billion-dollar pyramid scheme.
Authorities said Madoff had carried out the fraud for at least two decades before confessing to his sons in December.
The full article contains 99 words and appears in The Scotsman newspaper.
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Last Updated:
02 July 2009 7:38 PM
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Source:
The Scotsman
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Location:
Edinburgh
