Judge seeks $170B in forfeitures from Madoff, who awaits sentence

As prosecutors asked to jail Bernard Madoff for 150 years, a U.S. District Court judge Friday entered a preliminary order calling on the convicted Ponzi schemer to forfeit more than $170 billion in assets, prosecutors announced. Madoff’s wife, Ruth, will be allowed to keep $2.5 million in funds “in settlement of the claims she would have otherwise brought against the property,” acting U.S.