hool10
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Federal prosecutors are seeking the forfeiture of Bernard Madoff's four homes and other assets after Madoff's guilty plea to masterminding a massive investment fraud. The targeted assets include:
- A Manhattan condominium valued at $7 million on East 64th Street, where Madoff was under house arrest for three months before his guilty plea.
- Homes in Montauk, New York; Palm Beach, Florida; and Cap d'Antibes, France, as well as "all insured and readily salable personal property" contained in the homes.
- A yacht named Bull, docked in France; three other boats and four automobiles: two Mercedes, one BMW and one Volkswagen.
- A Steinway piano valued at $39,000 and a silverware set valued at $65,000.
- $17 million deposited at Wachovia Bank, $45 million in securities held at COHMAD Securities and Madoff's interest in COHMAD Securities.
http://www.cnn.com/2009/CRIME/03/16/madoff.assets/index.html
They estimated his worth at up to $826 million. His business has an estimated worth of $700 million, according to the documents.
Madoff was ordered to jail Thursday after pleading guilty to 11 criminal counts, admitting operating a Ponzi scheme estimated to have bilked thousands of investors out of billions of dollars.
Thanks for screwing up the world for previous and future generations to come because this does affect the world. Also I want the feds to look into this "COHMAD Securities". It was getting funded by stolen money and the people who gave money to Madoff probably stole it to begin with! Yes but maybe COHMAD Securities had a hand in protecting the ponzi scheme from going public?