Sunday, May 20, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Feds agree to sell off Madoff home in Florida

PALM BEACH, Fla. — Bernard Madoff's Palm Beach, Fla., home is under contract to be sold for an undisclosed amount, Deputy U.S. Marshal Roland Ubaldo said Tuesday.

The house, built in 1973 and listed for sale in September, 2009, for $8.49 million, has five bedrooms and seven bathrooms, according to Palm Beach County property records. The property has a private dock on the shore of Lake Worth, a lagoon that opens to the Atlantic Ocean.

The 6,475-square-foot home is the last of three properties once owned by Madoff that the U.S. government is selling to pay restitution to victims of his Ponzi scheme, the largest ever. He is serving a 150-year sentence at a federal prison in North Carolina.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…