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Business Briefing / Courts

Ruth Madoff assets disclosed

March 03, 2009|Times Wire Reports

Ruth Madoff, the wife of Bernard Madoff, owns a New York apartment, $45 million in municipal bonds and $17 million in cash that are "unrelated" to her husband's alleged Ponzi scheme, her lawyer said.

U.S. District Judge Louis Stanton, who is presiding over a lawsuit against Bernard Madoff by the Securities and Exchange Commission, disclosed the asset details in an order modifying terms of an asset freeze on his property.

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