Ruth Madoff, the wife of super scammer Bernie Madoff, had wanted to hold onto her Manhattan penthouse and $62 million while her husband serves his sentence for 11 felony counts, but prosecutors do not intend to allow her to continue her luxurious lifestyle. The government wants to seize the $7 million Upper East Side apartment, as well as the couples' homes in Palm Beach, the Hamptons, and France, according to court filings in district court in New York.
In addition to the homes and valuables, prosecutors will seek to seize the funds in two bank accounts in Ruth Madoff's name. One at Wachovia Bank contains over $17 million according to prosecutors; a second at COHMAD Securities Group containing an estimated $45 million.
Investigators are unclear as to why she didn't invest in her husband's funds.
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