Madoff penthouse seized

Jul 03 - U.S. marshals seize Bernard Madoff's the luxury penthouse apartment including jewelry, art and clothing valued at approximately 1.7 million dollars (USD).

A spokesman for the U.S. Marshals Service said Mrs Madoff was present when agents took possession of the four-bedroom apartment on Manhattan's East Side under court orders and then she left.

It was not known where she would live and her lawyer could not be reached for comment.

Disgraced financier Bernard Madoff, 71, was sentenced on Monday to an effective for life term for Wall Street's biggest investment fraud of as much as 65 billion dollars (USD).

He was arrested by the FBI last December and he pleaded guilty in March.