Now it's Ruth Madoff's turn to lose her shirt.
The wife of notorious Ponzi schemer Bernard Madoff has yet to be accused of a crime. But that didn't stop a federal judge from stripping away most of her possessions as part of a settlement with the Madoffs on Friday.
On the chopping block are $80 million in Ruth's assets that include much more than than the family's $7.5 million East Side penthouse, according to court documents.
Ruth could literally lose the shirt on her back and the comforter on her bed as part of a list of must-sell items that includes "all salable apparel, accessories, footwear, leather goods and luggage."
Also on the list: Two Mercedes Benz luxury cars, Bernie's 35 sets of watches and cufflinks, and one $12,500 black dyed and sheared women's mink coat bought from J. Mendel salon at Bergdorf Goodman.
That's too bad.
The 68-year-old already suffers the daily indignity of grey streaks because her stylist won't treat her, and has been reduced to riding the subway like an ordinary New Yorker.
U.S. & World
At least she'll get to keep $2.5 million in cash from the settlement, according to WSJ.com.
She may want to use some of that money to buy back a few of these items on the Fed's list:
From the family's East Side Penthouse:
- All furniture, clocks, lamps, lighting fixtures and wall sconces = $1.75 million
- All musical instruments, including one Steinway piano = $39,000
- All floor and window coverings = $382,000
- All tableware and service pieces, including silverware and plate = $41,580; chinaware and glassware = $16,910
- All paintings, prints, professional photographs and sculptures = $1.6 million
- All linens and bedding = $18,000
- All electronics and appliances
- All decorative objects = $160,870
From Ruth's $11 million Palm Beach, Florida home:
- All furniture = $1.175 million
- All floor and wall coverings = $107,510
- All tableware and serving pieces = $8,505; chinaware and glassware = $16,664
- All paintings, prints, professional photographs, sculpture and artwork = $858,150
- All decorative objects = $248,158
- All electronics and appliances
Four boats, One 1999 Mercedes Benz CLK Class, One 2004 Volkswagen Toureg, One 2001 Mercedes Benz E Class, One 2006 dark grey Peugeot 206
- Any and all of Ruth's jewelery = $2.62 million
- One Russian sable fur three-quarter length coat, appraised at $36,000
*Dollar amounts often referred to as "insured replacement value" in court document