Straphanger Who Pulled Emergency Brake Comes Forward
Turkey Cruelty Ad Nixed By NBC
"Nude" Skater Hits Rockefeller Ice
Should MTV's Jersey Shore Be Cancelled?
Would You Be Comfortable Locked On A Train With A Murderer?
Madoff's beach house
While Bernie is busy making new friends in federal prison, the U.S. Marshals have announced that the deal on Madoff's Montauk home is officially closed. And the final selling price is $650,000 over the asking price! The $9.4 million deal was made back in September, but the Government was not allowed to reveal the final selling price until after the deal closed. Pamela Liebman, Corcoran CEO, told ABC News "Buyers were extremely enthusiastic about the location of the house and its potential and not at all put off by the fact that it was Bernie Madoff's house." Because really, look at that view!
The house is a four-bedroom on 1.2 acres of Montauk land, and according to USA Today is "closer to the surf than zoning laws now allow." The U.S. Marshals Service says this is "an important step forward" for the federal government in repaying the victims of his Ponzi scheme, but Federal authorities have said it is unlikely that the selling of his assets will recover enough money to pay everyone back in full, given that his fraud is estimated to be around $65 billion.
Madoff's Manhattan apartment and Palm Beach home remain on the market, for $9.9 million and $8.49 million respectively. Yachts not included.
add to stumble upon
add to reddit
tweet this
post to facebook
I would def not want to live in Bernie Madoff's house.
nice house... bad kharma
Ugly house, ugly karma. Madoff's last scam.
I hope the proceeds will go to pay back the victims of his terrible atrocities. Can't believe it sold for more than the asking price.
Dude, if I had 9 million dollars I would totally buy Madoff's house. It's like a collectors item from the age of corporate schemes and financial shoddyness.
(Or maybe they should just make little figurine collectors items of all these houses... then I could afford them)
Good start! The victims of his fraud should now feel officially appeased. Case closed.
If I had the money I'd be all over that house. I'm not buying the bad karma argument - hell, the money being spent on the house is going to be used to start paying back all the ponzi victims.
Ruth Madoff IS the Montauk Monster.
I also really hope people get at least some of their money back from the sale of his assets.