Real Estate Blog

Madoff Assets Selling

December 29th, 2009 1:17 PM by Sherry Lee

Madoff clearance sale starts
Bernard Madoff
Bernard Madoff
While Bernard Madoff's Palm Beach home at 401 N. Lake Way awaits patiently for a buyer, even at its reduced $7.9 million price tag, the Ponzi schemer's vehicles are being auctioned off. Three boats and a 1999 Mercedes-Benz, which had been parked in the home's garage, were sold Nov. 17 in Fort Lauderdale. They fetched roughly $1.1 million. Dates for the planned future auctions of Madoff's remaining assets have not yet been announced.  [Palm Beach Daily News]
Posted in:General
Posted by Sherry Lee on December 29th, 2009 1:17 PM



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