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.
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.