NEW YORK (WPIX) -- According to reports, recently jailed Bernard Madoff is ready to return to his penthouse. The lawyer representing the Wall Street scammer is trying to get his client out of jail.
Ira Sorkin is trying to have Madoff returned to house arrest at his Upper East Side penthouse. Sorkin is appealing Manhattan Federal Court Judge Denny Chin's decision to imprison Madoff, who's 70 years old. On Thursday, the disgraced financier pleaded guilty to orchestrating a $65 billion Ponzi scheme.
Montauk, Long Island, Palm Beach, Florida, and France. The proceeds will go to pay off a small fraction of the billions owed to thousands of Madoff's victims.
Prosecutors say Ruth Madoff filed court papers last week, saying $62 million held in two bank accounts has nothing to do with her husband's scam. Mrs. Madoff also claims the $7 million apartment is hers, not her husband's.
Madoff's victims scoff at the claim. Dozens of them started laughing in court Thursday when Sorkin told Chin that Madoff's 24-hour security detail was "at his wife's own expense."