Madoff’s Millions
A villa in France, a penthouse apartment in New York, a home in Palm Beach – these are just a few of the items the federal government is seeking in a forfeiture proceeding against Bernard Madoff, the Wall Street Journal reports.
But don’t expect Madoff to give up the assets – which also include boats, cars, $17 million in cash and $45 million in bonds – without a fight. Many of the assets are titled in the name of Madoff’s wife, Ruth, and lawyers for the Madoffs are expected to argue that she is independently wealthy.
As Bernard Madoff, the mastermind behind a multibillion Ponzi scheme, fights to preserve his family fortune, many of his investors are still trying to come to terms with the fact that they’ve lost everything as a result of Madoff’s fraud.
Carey & Danis pursues numerous securities fraud cases on behalf of defrauded individual and institutional investors. Investors who wish to discuss their rights against Madoff Investment Securities or against companies that invested money with Madoff may contact Carey & Danis toll-free at 800-721-2519 or fill out our online contact form.
