Tuesday, March 17, 2009

Madoff In Jail Awaiting Sentencing

…Feds Go After His Wife’s Assets

According to this, “Prosecutors probing Bernard Madoff’s massive fraud are determined to leave his wife with almost nothing after telling a Manhattan court that they consider more than $100 million in assets, most of it listed in her name, the fruits of her husband’s crimes.”

Think she might be merely an innocent party who never knew of her husband’s criminal activity? Apparently, not so much.

A former Federal prosecutor explained, “If the government had strong evidence she was an innocent third party, they wouldn’t bring a forfeiture.”

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