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Madoff's Beach Home Sells for More Than Asking Price

Montauk manse was on the market for $8.75M

By John Johnson, Newser Staff

Posted Sep 17, 2009 1:40 PM CDT

(Newser) – Bernie Madoff's Montauk beach house is off the market, ABC reports. A buyer paid cash "over the asking price" of $8.75 million, say Realtors involved with the deal. The US Marshals Service, which is selling the home to get money back for Madoff's... Read full story »

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Madoff's Beach Home Sells for More Than Asking Price

Montauk manse was on the market for $8.75M

fraud • Long Island • federal prison • Ponzi scheme • Montauk • Bernard Madoff • Bernard L. Madoff Investment Securities

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