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Madoff Apartment Might Go On The Block!

2009_01_133e64.jpg Bernard Madoff's neighbors are praying the Post is right: The paper reports, "Top New York real-estate brokers have been asked to visit Madoff's tony penthouse at 133 E. 64th St., between Lexington and Park avenues, to assess its value, with an eye toward unloading it, one of the agents said yesterday." Apparently lawyers for the trustee overseeing the liquidation of the $50 billion Ponzi scheme mastermind's estate called up brokers.

Just yesterday, the Post said Madoff was annoyed with his house arrest, being stuck in a penthouse and all, but now he might have some entertainment: "Because he must remain inside the two-story apartment as a condition of his $10 million bail, Madoff will be in awkward proximity to brokers when they eyeball its four bedrooms, at least five bathrooms, kitchen and library." A broker suspects, "They'll probably have him in the dining room when we're in the bedrooms and vice versa."

In other news, the Bank of New York and JPMorgan Chase have found $500 million in accounts belonging to Madoff. Newsday explains, "Court records show Mellon is holding $301,407,190 in one Madoff company account while JPMorgan Chase holds $233,500,000 in three accounts." The banks will turn the money over to trustee Irving Picard. A lawyer represented some of the investors duped by Madoff said, "It is a positive sign that money is being flowed over."

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Comments [rss]

  • MH622

    am i supposed to feel bad about his neighbors?

  • tch

    For a minute there, I thought all the people in the picture was trying to get his apartment.

  • rcltrh

    The judge should throw him immediately in jail since he's so unhappy at being confined at home. I like the idea of bringing back the stockades in Battery Park or at the Bowling Green to put Madoff and other Wall-street crooks in (Thain, Lewis, all the crooks who got tax-payer bonuses for doing so "well" in their failed companies, etc.)

  • heycarrieann

    AWWWW! Not to worry Bernie Madoffwithotherpeoplesmoney, there is always a nice comfy jail cell available for you! Which is where his ass should be, anyway.

  • woodendesigner

    He should come with the price of the apartment. He can work there as the house man and his wages can be garnished until he pays everyone back..... or until he croaks.

  • NannyState

    He'll be doing "domestic chores" in a couple years, but for about 30 cents an hour. I suggest he take up smoking. It comes in handy when you need "currency" in prison...as well as a new boyfriend.

  • Future Taliban

    How about putting Madoff himself on the block?

    The CHOPPING block, that is...

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