Loading…
Monday, July 14, 2014
Current Weather
Loading Current Weather....
Published: Tuesday, 10/12/2010

Feds agree to sell off Madoff home in Florida

BLADE NEWS SERVICES

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.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.



Poll