Ponzi

Madoff to Keep $69 Million?

Is this why Bernard Madoff allegedly (some say dubiously) left his wife out of his Ponzi scheme? According to the New York Daily News, Bernard Madoff’s lawyers are claiming that a $17 million Wachovia account, $45 million in municipal bonds, and his $7 million penthouse belong to his wife Ruth and therefore shouldn’t be subject to forfeiture. His lawyers also agreed to lift the freeze on some of his assets so the trustee looking for the lost money can use them to pay back investors.