March 03, 2009 at 10:15 AM EST
Madoff Scraping By on Sixty-Nine Million Dollars
You just can’t expect alleged scam artist Bernie Madoff to make ends meet on anything less than $69 million. In a legal argument filed in Federal Court Bernie seeks to keep his $7 million penthouse on Manhattan’s Upper East Side $17 million in cash stashed in his wife’s name and $45 million in municipal bonds also listed in his wife’s name. Madoff’s attorney argues that the assets are unrelated to the alleged fraud that cost investors about $50 billion. Madoff’s digs are off-limits for now because the apartment was used to secure his bail. But if Madoff is later ...
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