France Will Battle US for Madoff Chateau

Rival prosecutors preparing to grab Riviera pad
By Rob Quinn,  Newser Staff
Posted Mar 24, 2009 9:00 AM CDT
The main entrance to the vacation home owned by Ruth Madoff in Antibes, southeastern France.    (AP Photo/Lionel Cironneau)
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(Newser) – A legal tug-of-war is getting underway over the Madoffs' Riviera chateau, reports the New York Post. Bernard and Ruth Madoff's $1 million French pad is among the assets US federal prosecutors want the couple to forfeit to help reimburse scammed investors, but French authorities—who have opened a criminal inquiry into French losses in Madoff's Ponzi scheme—are also preparing to seize the mansion.