After putting Bernard Madoff behind bars, the feds wants madoffs sons next. But are the Madoff sons guilty? The feds believe they are as guilty as their father and they wants to seize Madoff’s sons’ wealth that they believe still part of the billion-dollar scam. Among them are series of loans Bernie Madoff made for his sons Mark and Andrew, both senior executives of his firm.
Madoff sons', guilty as their father?
Andrew Madoff, 42, according to reports, half loaned $9.5 million just months before his father’s arrest. Mark Madoff, 44, on the other hand is listed as owing $22 million.
Additionally, the government said it should get $2.6 million worth of jewelry owned by Madoff’s wife, Ruth, and 35 sets of watches and cuff links that belonged to Bernie.
The feds are also going after the Madoffs’ stake in Sterling Equity Partners, an affiliate of the parent company of the New York Mets, whose owner Fred Wilpon was a client of Madoff. His firm reportedly lost hundreds of millions of dollars in the scam.
