Madoff reduced to nothing (CNNMoney)

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By Aaron Smith, CNNMoney.com staff writer
Last Updated: June 27, 2009: 12:22 PM ET

Madoffs get 'stripped'

As a result of orders issued on Friday, the government has stripped Bernie and Ruth Madoff of all the interests in property belonging to them, including:
Cohmad Securities $47 million
Wachovia Bank account $13.3 million
New York Coop $7.5 million
Montauk property $7 million
Palm Beach property $7.45 million

NEW YORK (CNNMoney.com) -- Bernard and Ruth Madoff have been stripped of their vast riches.

The government announced Friday night that it had seized all of Bernard Madoff's property in a deal that also forces his wife to give up homes and property worth millions.

Federal prosecutors obtained a $170 billion legal judgment against Madoff.

Madoff, 71, masterminded the largest and most sweeping Ponzi scheme ever, and now faces the possibility of spending the rest of his natural life in prison.

Madoff is scheduled to be sentenced on Monday morning in a federal court in Manhattan.
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more: http://money.cnn.com/2009/06/26/news/economy/madoff_sentence/index.htm?postversion=2009062622