What was Bernie Madoff worth? $826 million, claim court papers BY Thomas Zambito and Corky Siemaszko
DAILY NEWS STAFF WRITERS
Poor $65 billion swindler Bernie Madoff isn't even a billionaire. In court papers filed Friday, his lawyers say he's worth a measly $826 million.
Still, lawyer Ira Sorkin's paperwork revealed how high on the hog Madoff was living before his massive Ponzi scheme collapsed in December - and swallowed the life savings of thousands of innocent investors.
The high-living highlights:
$17 million in cash
A $7 million yacht in France called Bull, a $2.2 million fishing boat in Florida, also called Bull, and a smaller boat called Sitting Bull on Montauk worth $320,000.
A half-share in a $12 million jet
A $39,000 Steinway piano
$2.6 million in jewelry
Madoff's treasure trove was exposed a day after he pleaded guilty to 11 criminal counts that could send him to prison for 150 years - and after he spent his first night in the forbidding Metropolitan Correctional Center.
Sorkin said Madoff should be allowed to remain under house arrest in his E. 64th St. duplex because other superstar crooks like Enron's Jeffrey Skilling and Ken Lay got to stay in their mansions until they were sentenced. ....
......The latest revelations added fuel to the fury of investors who think Madoff should rot in jail - and that his wife, Ruth, belongs behind bars too.
"She should give the money back," said Meryll Sherman, 57, one of Madoff's outraged neighbors. "She absolutely had to know what was going on."
Ruth Madoff has not been charged with a crime. She, her two sons and brother-in-law remain under investigation. Mark Madoff declined to discuss his dad or the investigation.
"My attorney advised me not to say anything right now," he said, outside his mansion in Greenwich, Conn.
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