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 »
Aug 12th 2010 5:07PM
Like an Orthodox Jewish Bernie Madoff, Eliyahu Weinstein allegedly bilked members of the religious sect out of $200 million. Presenting himself as a real estate investor from New Jersey, Weinstein met with investors from New Jersey, New York, Florida and California, through the close-knit Orthodox community. He allegedly... 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 »
