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Feds Seize Madoff Apt, Serve Ruth With Notice to Vacate

By Jeralyn, Section Crime in the News
Posted on Thu Jul 02, 2009 at 12:32:49 PM EST
Tags: Bernard Madoff (all tags)
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The U.S. Marshal's today "seized" Bernie and Ruth Madoff's Park Ave. apartment, which they agreed to forfeit to the Government. The Marshal's served Ruth with a "Notice to Vacate."

This was by agreement (pdf) which provided that Ruth would vacate by Bernie's sentencing date or such other time as the parties agreed to in writing. Only once she's vacated the apartment, does she get her $2.5 million cash from the Government.

So, she's not being tossed unexpectedly onto the street.

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    Feds Seize Madoff Apt, Serve Ruth With Notice to Vacate | 22 comments (22 topical)

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    What is the federal government's (5.00 / 1) (#1)
    by oculus on Thu Jul 02, 2009 at 12:36:49 PM EST
    rationale for permitting Ms. Madoff to get $2.5 million in cash?

    It's in the agreement (none / 0) (#3)
    by Jeralyn on Thu Jul 02, 2009 at 12:42:5