Friday, September 18, 2009

Weekend at Bernie's

According to reports, Bernie Madoff's New York home, located on the beach at Montauk, with sweeping views of the Atlantic Ocean, has been sold for more than the asking price of $8.75 million.

While the property is under contract, the name of the buyer and the purchase price are not being disclosed "to protect the integrity of the sale," the U.S. Marshal's Office said in a statement.

Several buyers had submitted bids for the four-bedroom, three-bath, 3,000-square-foot home, which was on the market for two weeks. Sale proceeds will go toward reimbursing victims of Madoff's estimated $65 billion Ponzi scheme.

If you are in the market for real estate, Montauk is roughly 120 miles east of Manhattan on Long Island and is known for its many large summer homes owned by famous and wealthy people.

Note: wasn't to sure how to categorise this one, so I put it under "goal-setting"

(source: Reuters)

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