Madoff Lists $826M in Assets

List reveals couple's homes, cash, luxury goods mostly in Ruth's name
By Rob Quinn,  Newser Staff
Posted Mar 14, 2009 6:52 AM CDT

(Newser) – A list of the Madoffs' assets released yesterday falls a long way short of the tens of billions investors and prosecutors are looking for, the Wall Street Journal reports. A $700 million valuation for Bernard Madoff's investment business made up the bulk of the roughly $826 million in assets listed, with the rest, including several houses, mostly in his wife Ruth Madoff's name.

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The list—which also mentions $17 million in Ruth's bank account, a $7 million yacht, $2.6 million in jewelry, $65,000 worth of silverware, and a $39,000 Steinway piano—was submitted by lawyers as part of an effort to get Madoff freed on bail. Prosecutors say they plan to seek as much as $170 billion in forfeiture from the disgraced financier, who listed his liabilities at the end of 2008 at $265,000. (Read more Bernard Madoff stories.)

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