Legal Commentary

Feds Seize Madoff Apt, Serve Ruth With Notice to Vacate

By Jeralyn

The U.S. Marshal's today "seized" Bernie and Ruth Madoff's Park Ave. apartment, which they agreed to forfeit to the Government. The Marshal's served Ruth with a "Notice to Vacate."

This was by agreement (pdf) which provided that Ruth would vacate by Bernie's sentencing date or such other time as the parties agreed to in writing. Only once she's vacated the apartment, does she get her $2.5 million cash from the Government.

So, she's not being tossed unexpectedly onto the street.

Full post as published by TalkLeft on July 02, 2009 (boomark / email).