Feds looking to freeze Ruth Madoff's assets-NY Post

[babylonsister]

Feds looking to freeze Ruth Madoff's assets-NY Post


NEW YORK, March 15 (Reuters) - Federal investigators are looking to freeze the assets of Ruth Madoff, the wife of jailed swindler Bernard Madoff, because of fears she might flee the country or otherwise spirit away some of the $93 million in her name, the New York Post reported on Sunday, citing sources.

The Post also said law enforcement sources told the paper that the freeze was just a first step and that prosecutors were working to build a criminal case against Ruth Madoff.

The report said the Securities and Exchange Commission and federal prosecutors in Manhattan are preparing to ask a judge to formally freeze Ruth Madoff's assets as soon as possible.

An SEC source told the Post that U.S. attorneys will ask for the freeze in the "next week or so." They will argue the assets are derived from ill-gotten gains, according to that source.

more...

http://www.reuters.com/article/bondsNews/idUSN154662232...

[Double T]

1. With any luck Ruth Madoff will be a bag lady pushing a grocery cart on NYC streets.

Justice served.

[Incitatus]

7. I wonder if Madoff will make a deal and rat on his partners in exchange

for his wife being able to keep some money and one of their homes.

[Double T]

8. BIGGER corrupt fish are always the prize.

Nothing would surprise me.

[Andy823]

2. Good!

Weren't there some children involved in this scam also? I thought I heard something yesterday about a son, or sons!

[Tommy_J]

3. Freeze the entire family's

and all associates too. It was the biggest fraud EVER. W hy isn't this being treated more aggressively?

[MannyGoldstein]

4. I Hear That Geithner And Summers Will Award Bonuses To The Madoffs

They need it to attract and retain their most qualified executives.

[Rosa Luxemburg]

5. you would have thought that this would have been done weeks ago?

[david13]

6. Yeah, but that's good ole mercan law enforcement

for you. Day late and a dollar short.
Note the article says "looking to..." what next xmas, next year? What's the big rush?
dc