Feds Go After Madoff's Sons, Wife's Jewelry

US seeks payback of loans, along with gems, cufflinks
By John Johnson,  Newser Staff
Posted Mar 17, 2009 8:16 PM CDT
Feds Go After Madoff's Sons, Wife's Jewelry
Bernard Madoff arrives at Manhattan federal court Thursday, March 12, 2009, in New York.   (AP Photo/ Louis Lanzano)

The Madoff accounting continues. Authorities said today they intend to collect millions of dollars from Bernie's sons, about $2.6 million worth of his wife's jewelry, and 35 watches and cufflinks that belonged to the Ponzi schemer himself, the Daily News reports. Madoff lent son Mark $9.5 million, much of it just months ahead of his arrest, and son Andrew $22 million. While dad may not have collected, the government intends to, the News notes.

In a court filing today, the feds said they also will go after Madoff's stake in 20 businesses, including the Manhattan restaurant PJ Clarke's on the Hudson, and Sterling Equities, the parent company of the New York Mets. Last week, Madoff's attorneys pegged the couple's net worth at about $825 million, the Wall Street Journal notes.
(More Bernard Madoff stories.)

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