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Monday, March 2, 2009

A Bitter Irony

Madoff seeks to keep Manhattan penthouse and $62M
1 hour, 21 minutes ago

Associated Press Writer
(AP:NEW YORK) Bernard Madoff is seeking to keep a $7 million Manhattan penthouse and an additional $62 million in assets, saying they are unrelated to the fraud that authorities say cost victims more than $50 billion.

In court papers filed Monday in U.S. District Court in Manhattan, Madoff and his lawyer claim the apartment, $45 million in municipal bonds and $17 million more in a separate account all belong to Madoff's wife, Ruth.

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