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Jewish Journal

Even Madoff gets ripped off

by Brad A. Greenberg

December 29, 2008 | 3:43 am

I can’t imagine anyone is going to feel too choked up over Bernard Madoff’s loss of the statue pictured. From the New York Post:

Swindler extraordinaire Bernard Madoff got a taste of his own medicine last weekend when a burglar stole a $10,000 statue from his posh, $9.4 million Palm Beach estate, according to a police report.

The theft occurred sometime between 3 p.m. on Dec. 19 and 11:30 a.m. last Sunday, a week after Madoff confessed to ripping off $50 billion from investors in a decades-long Ponzi scheme.

The five-foot, copper artwork overlooked the Madoffs’ inground pool, and portrays two young lifeguards sitting on a raised stand.

Madoff is currently under house arrest at his $7 million Park Avenue apartment.

He also owns a $3 million oceanfront estate in Montauk, LI, which has been pummeled by severe beach erosion. The surrounding estates have been largely spared.

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The ripple effect of the Madoff deception.

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