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New York - Bernard Madoff's wife could theoretically claim more than $100 million in assets - and should forfeit it all, according to the federal prosecutors.
The move by prosecutors seeks the court's help in recovering all of the Madoff properties, especially those kept in Ruth Madoff's name.
Madoff, 70, traded his $7 million Manhattan penthouse for a federal lockup on Thursday, immediately after he described how he created a two-decade pyramid scam which paid off early investors with proceeds from new investors.
Investors have reacted angrily to previous defense claims that Ruth Madoff is entitled to keep $69m in assets that are in her name.
Authorities say Madoff notified his 4 800 investors in November that they had nearly $65bn in assets when there actually was about $1bn left. He could face up to 150 years in prison when he sentenced in June.
The assets that the government hopes to seize include four properties, $10m in home furnishings and a $7m yacht in France. The court document did not mention $2.6m in jewellery, but the government did say it would seek forfeiture of "all insured and readily salable personal property" in any of the Madoff properties.
Prosecutors also are seeking the forfeiture of a $39 000 Steinway piano and a $65 000 silverware set kept in the Manhattan penthouse.
- AP