March 2 (Bloomberg) -- Ruth Madoff, the wife of accused fraudster Bernard Madoff, said she owns a Manhattan apartment, $45 million in bonds, and $17 million in cash that are “unrelated” to her husband’s alleged Ponzi scheme.
U.S. District Judge Louis Stanton, who is presiding over a lawsuit against Madoff by the Securities and Exchange Commission, filed an order today modifying terms of an asset freeze on Bernard Madoff’s property. As part of his order, he cited a claim by Ruth Madoff that some of her assets are separate from his.
Madoff’s lawyers claim “only Ruth Madoff has a beneficial ownership” to a Manhattan apartment, about $45 million in municipal bonds on deposit in at Cohmad Securities Corp., and approximately $17 million in cash in another account, Stanton said. Ruth Madoff says these assets are “unrelated” to the alleged fraud, Stanton wrote, citing her
|Liveleak on Facebook|