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NEW YORK — Federal Marshals took possession of disgraced financier Bernard Madoff’s $7 million Manhattan penthouse Thursday in a move that forced his wife to move elsewhere.
Proceeds from a sale of the property and its contents could be used to help reimburse those who lost billions of dollars investing with Madoff before he confessed to running a Ponzi scheme.
U.S. Marshal Joseph Guccione said the Marshals arrived at the property at noon.
Guccione said Madoff’s wife, Ruth, had been advised in advance of the Marshals’ plans and was leaving the residence and surrendering all personal property.
“Restitution for the victims is the government’s top priority,” he said.
It was not immediately clear where Ruth Madoff went to live.
