- The Washington Times - Friday, March 13, 2009

NEW YORK (AP) - Newly filed court documents show Bernard Madoff and his wife had a net worth of more than $823 million at the end of last year.

The document detailing the Madoffs’ assets was contained in papers his lawyers filed Friday in an effort to get him freed on bail.

The document shows the Madoffs owned four real estate properties worth $22 million and had $17 million in cash and a $7 million yacht, among other assets.

Madoff was sent to jail Thursday after he pleaded guilty to 11 felony counts, including securities fraud. His $10 million bail was immediately revoked.

The 70-year-old Madoff faces up to 150 years in prison at a June sentencing.


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