Madoff’s Palm Beach house gets toilet-papered

By: Diane Tuman, Zillow Content Manager | January 29, 2009

While hedge fund investor Bernie Madoff (rhymes with “made-off,” as in “made off with your money”) sits under house arrest in his Park Avenue home for allegedly pulling off a $50 billion Ponzi scheme, his luxurious Palm Beach home at 410 N. Lake Way, Palm Beach, FL, got TP’d by neighborhood teens who claim they lost their trust funds (through Bernie), according to the Palm Beach Post.

Last month, Madoff’s Palm Beach house suffered another “attack” when someone took bronze artwork worth $10K from the yard and returned it with a note that read: “Bernie the Swindler, Lesson: Return Stolen Property to rightful owners. Signed by - The Educators.”

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Categories: Celebrity Real Estate

Comments

7 Comments so far

myrtle beach condos on January 29, 2009 9:09 pm

i doubt we ever see madoff go to jail. How come we can’t track $50 Billion?
DallasDirt » Blog Archive » Let Bernie Madoff Eat Toilet Paper on January 30, 2009 8:06 am

[...] Zillow reports that teens in Palm Beach, Florida TP’d (that’s toilet-papered) Bernie Madoff’s home — to protest their shrinking trust funds. [...]
Overstockpromocodes on January 31, 2009 12:10 am

This is very saaaad. Criminals in your face !!!
Landon on February 2, 2009 5:07 pm

That man needs to fry He has ruined more lives then a murder. LandOnFlorida.com
Chaslyn S. on May 19, 2009 9:15 am

How much was his house even worth? Im doing a report on him.
Diane Tuman on May 19, 2009 9:33 am

Our Zestimate for his Palm Beach house is nearly $13 million (at this writing). http://www.zillow.com/homedetails/410-N-Lake-Way-Palm-Beach-FL-33480/46843147_zpid/
Madoff’s Toys, Houses Are Gains from Another Era - CBS MoneyWatch.com on September 2, 2009 3:49 pm

[...] for $3.75 million in 1973, is worth maybe three times that, according to local Realtors and a Zillow estimate. (The government decided to show the house with the furniture and boats, and sell whatever [...]