Sale was announced a month a go but purchase price of $9.41 million just released…government also selling two other homes owned by Madoff, as well as cars, boats and personal effects…
Epic swindler Bernard Madoff’s former beach home off the eastern-most point of New York’s Long Island sold for $9.41 million, money that will go toward a fund for defrauded investors, the U.S. Marshals Service said on Friday.
The sale of the house was announced a month ago but not the purchase price or the buyers. A statement by the U.S. Marshals Service, which administers the Department of Justice’s criminal forfeiture program, did not identify the buyer.
Read the full article, “Madoff beach house sale completed for $9.41 million” at Reuters (Oct 16, 2009).