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