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N.Y. prosecutors seek jewelry and gifts to Madoff's sons

Associated Press

NEW YORK — Prosecutors say they plan to seek the forfeiture of Bernard Madoff and his wife’s jewelry, watches and more than $30 million they lent to their two sons.

The information was in a document filed in federal court in Manhattan. Prosecutors earlier had filed papers saying they were seeking to force the forfeiture of nearly all of the assets belonging to the Madoffs.

The 70-year-old Madoff was ordered to prison last week after he pleaded guilty to securities fraud and other charges. He faces a sentence of up to 150 years in prison.

Authorities say he ripped off thousands of investors for billions of dollars.

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