The U.S. Marshals Service is seeking proposals from qualified real estate brokers to sell Bernard and Ruth Madoff’s multimillion dollar properties in New York and Florida. The service is asking brokers to apply by August 21 for one of five positions in charge of disposing the Madoff properties. They are in Palm Beach, Florida, the Upper East Side of Manhattan and Montauk, on the east end of New York’s Long Island, according to a statement today from the Marshals.
In June, Bernard Madoff was sentenced to 150 years in federal prison for masterminding the largest Ponzi scheme in history. Brokers will have to identify how many “high profile or “celebrity listings” they have worked on as well as what steps they took to ensure the privacy of their clients, according to the application published by the Marshals.
Read Oshrat Carmiel’s full article “Brokers Sought by Marshals for Madoff’s Properties” in Bloomberg (August 14, 2009).