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March 16th, 2009

Madoff, Wife’s Assets Total Near $1 Billion

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Written by: The Iowa Republican

Bernard and Ruth MadoffBernard Madoff and his wife had $823 million in assets at the end of last year, including $22 million in properties stretching from New York to the French Riviera, a $7 million yacht and a $2.2 million boat named Bull, according to a document his lawyers filed Friday.

The document, prepared for the Securities and Exchange Commission at the end of last year, was contained in papers filed with the 2nd U.S. Circuit Court of Appeals in an effort to get Madoff freed on bail.

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The Iowa Republican

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