Jun 2nd 2011 1:55PM
As perhaps a bit of penance from a man with the most unfortunate surname since bin Laden, Peter Madoff, the notorious Ponzi schemer's brother, is selling his $6.5 million New York mansion for charity. All of the proceeds will reportedly be given to victims of Bernie Madoff's multi-billion dollar Ponzi scheme. How will the... Continue Reading »
Jan 6th 2011 5:30PM
Bernie Madoff's sister-in-law, Marion, has listed her 7,300-square-foot Palm Beach, Fla., home for $6.5 million, perhaps at an inflated price, a source told AOL Real Estate. "Homes for sale in Palm Beach can be $47.5 million, so $6.5 million isn't a big number relatively speaking," says local real estate agent Jeff... Continue Reading »
Oct 13th 2010 6:45PM
Crime doesn't pay -- at least not for the criminal, in this case. The last of three homes owned by convicted swindler Bernie Madoff's family has been sold by the U.S. government for around $5 million. Located in bejeweled Palm Beach, Fla., the 8,800-square-foot, 5-bedroom house is not far from the Palm Beach Country Club... Continue Reading »
Jul 16th 2010 1:55PM
The honeymoon is over for a Long Beach, Calif., man who was sentenced to jail time this week for defrauding investors in a real estate Ponzi scheme. Between 2003 and 2006, Jon Weldon James, 33, defrauded 50 investors, taking more than $33 million via phony investments. Instead of investing in real estate as he promised,... Continue Reading »
Jul 2nd 2010 5:58PM
The ultimate victim of a real estate Ponzi scheme mastermind, who allegedly defrauded millions of dollars from his clients, could turn out to be his own wife of 38 years. The lesson for homeowners is clear: Be careful who you're dealing with, even if it's your spouse. David Colwell, a 57-year-old insurance salesman from... Continue Reading »
