Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


4

Madoff Was Livin' Large in Lap of Luxury

High-roller owns yacht, jets, and properties up and down East Coast

Share

(Newser) – If disgraced money-man Bernard Madoff felt any guilt about his Ponzi-scheme hedge fund, you'd never know it. Now that he's under house arrest, his "lifestyle of the rich and infamous" is somewhat limited, but in a fitting tribute to a man who just fleeced investors of $50 billion, CNN Money put together a list of his princely possessions:

  • His Manhattan Upper East Side digs cost more than $5 million.
  • Ironically christened “Bull," his 55-foot yacht  is currently parked on the French Riviera. It was built by a boatyard that boasts a long list of clients, including Ernest Hemingway and a Chicago mobster.

  • Private jets: Why have one jet on call when you can have two?
  • Florida mansion: A $9.4 million 8,753-square-foot house with 5 bedrooms, 7 bathrooms, a pool and, of course, a boat dock to park his beloved Bull.
  • Oceanfront mansion:  A $3 million New York vacation home in Montauk that was listed as one of the properties posted to secure his $10 million bond. 

Bernard Madoff, chairman of Madoff Investment Securities, returns to his Manhattan apartment after making a court appearance last week.
Bernard Madoff, chairman of Madoff Investment Securities, returns to his Manhattan apartment after making a court appearance last week.   (AP Photo/Jason DeCrow)
The Manhattan apartment building where Bernard L. Madoff lives on New York City's Upper East Side.
The Manhattan apartment building where Bernard L. Madoff lives on New York City's Upper East Side.   (AP Photo/Brian McDermott)
The building which housed Bernard L. Madoff Investment Securities LLC.
The building which housed Bernard L. Madoff Investment Securities LLC.   (AP Photo/Diane Bondareff)
Bernard Madoff lived a lifestyle of the once rich and infamous.
Bernard Madoff lived a lifestyle of the once rich and infamous.   (AP Photo/The New York Times, Ruby Washington)
Interior of Madoff's yacht.
Interior of Madoff's yacht.   (http://www.flickr.com/photos/8114555@N07/541003463/)
« Prev« Prev | Next »Next » Slideshow

The man behind an alleged $50 billion fraud, has a yacht named 'Bull,' owns several luxurious homes and may even have had two private planes on call.
- Eugenia Levenson, CNNMoney

« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.23.09
Books Are Bad for You
11.20.09
The Health-Care Wars Have Just Begun
4 comments
VIEWING:
 
Lula
Dec 24, 08 8:59 AM CST
What a wicked man. He doesn't have a thing he can take with him when he leaves this earthly life. Reply
Vote up! Vote down!
0
IN RESPONSE:
Zackary
Dec 24, 08 7:59 PM CST
Who does?
Vote up! Vote down!
0
Shannonals
Dec 27, 08 2:45 PM CST
The man should be a prison cell awaiting trail vice housee arrest Reply
Vote up! Vote down!
0
IN RESPONSE:
sailor86
Dec 29, 08 8:11 AM CST
"Innocent until proven guilty"? Does that ring a bell? Or maybe we can lock him up and waterboard him.
Vote up! Vote down!
0
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

19 Stories

(AP) - Sex and scandal have not been enough to make major sellers out of books about Bernard Madoff. According to Nielsen BookScan, neither a much-discussed tell-all by alleged ex-mistress Sheryl Weinstein nor a recent wave of biographies about the imprisoned financier have caught on with the public. Weinstein's Madoff's Other Secret,... More »

MORE ABOUT:
Ponzi scheme • scandal • Amazon • Bernard Madoff • Jerry Oppenheimer • Sheryl Weinstein • Erin Arvedlund • Gerard Strober • Deborah Strober • Andrew Kirtzman

How Will Ruth Madoff Survive on Just $2.5M?

With $125K to spend yearly, time to trade in the pair of Mercedes

Jun 29, 09 8:18 AM CDT
(Newser) - With just $2.5 million at her disposal as her husband heads to jail, Ruth Madoff won't exactly be sentenced to penury, but she'll have to cut her annual expenses to the low six figures if she wants it to last her lifetime, reports Brett Arends of the Wall Street ... More »

MORE ABOUT:
Florida • fraud • crime • Manhattan • lifestyle • federal prison • settlement • Ponzi scheme • Bernard Madoff • Ruth Madoff

 Madoff Money Man Steps Down 

Cuomo pushes Merkin out

May 19, 09 10:45 AM CDT
(Newser) - Thanks to some strong arming from Andrew Cuomo, financier J. Ezra Merkin is stepping down as manager of his hedge fund and placing it into receivership, the Wall Street Journal reports. Cuomo charged Merkin in a civil fraud complaint last month, saying he “betrayed hundreds of investors,”... More »

MORE ABOUT:
hedge fund • Andrew Cuomo • Ponzi scheme • New York Attorney General • Bernard Madoff • Ezra Merkin

19 Stories


Madoff enjoys $50 pedicures
Bloomberg


Crime & Courts  •  Business 
TwitterFollow @NewserCrime on Twitter

 
Florida • Matt Lauer • hedge fund • jet • Ponzi scheme • French Riviera • yachts • scandal • Ernest Hemingway • apartment • Bernard Madoff

from our news partners