Epic swindler Bernard Madoff's former beach home off the eastern-most point of New York's Long Island sold for $9.41 million, money that will go toward a fund for defrauded investors, the US Marshals Service said on Friday. The sale of the house was announced a month ago but not the purchase price or the buyers. A statement by the US Marshals Service, which administers the Department of Justice's criminal forfeiture program, did not identify the buyer.
"Today's sale marks another step forward for the government," Joseph Guccione, US Marshal for the Southern District of New York said in statement. The imprisoned swindler's Montauk, New York home, on a beach with sweeping views of the Atlantic Ocean, was listed at $8.75 million on September 1 by the Corcoran Group.
Several buyers had submitted bids for the four-bedroom, three-bath, 3,000-square-foot home, which was on the market for more than two weeks. The remaining Madoff properties in New York and Palm Beach, Florida, were listed for $9.9 million and $.8.49 million respectively, the statement said. The case is USA v Madoff, US District Court for the Southern District of New York, No 09-213.
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