Bernard Madoff's Properties seized

Bernard Madoff's Properties seized

Bernard Madoff US Properties

Last week Bernard Madoff’s New York Upper East Side Manhattan penthouse worth $7million was seized by US marshals.

Bernard Madoff who was the brains of a multi-billion-dollar (€65 million to be exact) investment fraud owned numerous properties stretched from New York City to the French Riviera which totaled a value of $22 million. His $11 million Palm Beach Estate in Florida and his … and $4million property in Montauk, N.Y have also been seized.

He and his wife Ruth, had somewhere between $823 and $825 million in assets at the end of 2008, according to court documents filed by his lawyer.

There is 1 comment for this article
  1. Vincent at 2:35 pm

    Good enough for him! At least he is being held accountable. We need to take a leaf out of the US book in this regard and make those responsible for the mess of our banking system pay. What is it about white collar crime in Ireland. Is it a free for all?

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