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Anonymous
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About time- I hope he gets all 150 years... Now to lock up the rest of WallStreet and Banking/Insurance/Investment crooks with him....They should be seizing their Billions $ of salaries and Golden parachute money too- that they were stuffing in their pockets while they drove their companies and the country bankrupt....
Madoff Ordered to Forfeit Over $170 Billion
Friday, June 26, 2009 11:40 PM
NEW YORK -- Disgraced financier Bernard Madoff has been ordered to forfeit over $170 billion, prosecutors said Friday.
U.S. District Judge Denny Chin entered a preliminary order of forfeiture Friday, according to Acting U.S. Attorney Lev Dassin. The order forces Madoff to give up his interests in all property, including real estate, investments, cars and boats.
According to earlier court documents, prosecutors reserved the right to pursue more than $170 billion in criminal forfeiture. That represents the total amount of money that could be connected to the fraud, not the amount stolen or lost.
The government also settled claims against Madoff's wife, according to Friday's order. Under the arrangement, the government obtained Ruth Madoff's interest in all property, including more than $80 million of property to which she had claimed was hers, prosecutors said.
The order makes it clear, though, that nothing precludes other departments or entities from seeking to recover additional funds
The agreements strip the Madoffs of all their interest in properties belonging to them, including a homes in Manhattan, Montauk, and Palm Beach, Fla., worth a total of nearly $22 million.
Federal prosecutors want Madoff to be sentenced to 150 years in prison. He is due in court on Monday for sentencing in his massive fraud case.