Madoff was sentenced to 150 years in jail

     Tip:On Monday, convicted con man Bernie Madoff was sentenced to 150 years in jail, and today federal authorities took possession of his $7 million Manhattan penthouse, forcing his wife to leave and look for somewhere else to live.

     A comment to this news:

     Of course Ruth Madoff knew exactly what was going on, in fact she probably helped. I think leaving her with 2.5 mllion is way too generous. The fact that she is cooperating is a good indication that she is guilty and knows that the time has come to pay for her crimes. I wonder how many possessions and how much money she had time to hide before the govt took over. Shame on you, Ruth - you will get paid back somehow. She and her sons need to all be in jail for a long, long time.

     Q:What is the name of his wife?

     A:Ruth Madoff.

     Q:What will his wife do with their property?

     A:Ruth Madoff was told ahead of time that she would be forced to vacate her lush Manhattan penthouse, and reportedly she did leave the property this afternoon around 1 PM EST. The penthouse, on East 64th Street will be sold, with the proceeds being used to help reimburse the victims of the nations largest ever Ponzi scheme.

     Q:Will her move to another state?

     A:There is no information on where Ruth Madoff will be moving, but it will probably be a nicer place than where you and I currently live. A lot of the victims felt that Ruth should have been stripped of all her money, but the courts decided to allow her to keep $2.5 million, which should help her transition into her new life pretty nicely. She had been asking for as much as $80 million to be left in her name.

     While Madoff was on trial for his multi-decade con, Ruth Madoff was notable absent from the hearings, stating that she could not look the victims in the eye, as many of them were close family friends. All in all, it is estimated that the victims of the Ponzi scheme lost around $13 billion.

     The post is from here.