Court Papers Show Bernard Madoff Worth $826M

By Hercules Kataveli, B2P
Published on Sunday March 15, 2009 at 3:21 am ET
Updated 03-12-10, 2:09 pm ET

New documents obtained from court filings show that Bernard Madoff is currently worth at least $826 million. The documents are from appeals requesting Madoff be released from prison until sentencing, which is scheduled for June 16, 2009. According to the documents, Madoff’s Investment Securities firm is valued at $700 million (currently being liquidated), along with $22 million worth in real estate (including his $7 million New York City apartment), a $7 million French yacht, jewelry worth in excess of $2 million, among other assets. Bernard Madoff was remanded in jail after pleading guilty to 11 criminal offences relating to a Ponzi scheme where Madoff allegedly defrauded $65 billion from investors.

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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected]
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  • PacificGatePost

    The Judicial system is missing the boat on this one. There is a deal that should be made with Madoff.

    http://pacificgatepost.blogspot.com/2009/03/dea…

    The objective is NOT revenge, but Restitution and Reconstruction.

  • http://www.squidoo.com/how-to-choose-an-antique-engagement-ring Cynthia Bushner

    I thoroughly loved reading your post! I love mostthings antiques, but in particular engagement rings.

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