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The Luxury Home of Bernie Madoff in the Hamptons

by Marquette Turner Luxury Homes

in Money & Business, News & Views, Rich & Famous

Bernard Madoff – the un-disputed king of multi-billion dollar rip-offs – is watching (from behind prison walls) the selling off of his assets.

The latest is an oceanfront estate in the Hamptons, Long Island, expected to sell for $8.75 million USD which whilst a drop in the metaphorical ocean compared to the $65 billion USD lost through his Ponzi scheme, will go some small way to repaying his victims.

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madoff pool

madoff lounge

madoff kitchen

The property, built in 1982, has four bedrooms and three bathrooms, is located in the village of Montauk spans 3000 square feet and boasts a swimming pool and panoramic ocean views.

Neighbours include fashion guru Ralph Lauren, and Oscar-winning actor Robert DeNiro.

The property is being sold by our luxury real estate associates The Corcoran Group.

There are many other homes and personal items of the Madoff’s also for sale as the authorities seek to claw back as much funds as possible to assist in the repayment of his debts.

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{ 6 comments… read them below or add one }

simonturner September 5, 2009 at 11:15 pm

It's going to take a helluva lot of these homes of Madoff's to claw back $65 billion

Mac September 6, 2009 at 5:06 pm

There may be no hope for the greedy, I don't know?
But what amazes me is how those around them allow themselves to be brought down too.
How could they not have noticed the signs of a maniacal scheme and that one day it would implicate them just as much as the maniac.
A gross feeling of inadequacy that leads to the need to be seen above all else in your field and at any cost is a dangerous cocktail leading surely to misery.
Champagne anyone?

simonturner September 7, 2009 at 10:50 pm

Cheers to that!

matt_whitmore September 12, 2009 at 2:23 am

Well, h certainly has a long time to think about what he did. 😉

matt_whitmore September 12, 2009 at 9:23 am

Well, he certainly has a long time to think about what he did. 😉

Modern Sofas September 8, 2010 at 1:27 am

I agree with you! All of his efforts paid off.

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