More Madoff victims quietly list homes

By Sally Apgar | March 06, 2009 12:05PM

From the South Florida Web site: For 12 years, Richard Schlanger invested with Bernie Madoff, the once scrappy Wall Street wizard now reviled as the evil architect of the largest Ponzi scheme in history. Today, Schlanger acknowledges that because of deep losses, “Madoff is a small part” of the reason he is downsizing and selling one of the most elegant homes in Jupiter’s exclusive Bears Club enclave for $11.25 million. “A lot of people were destroyed,” said Schlanger. “I wasn’t destroyed. I was just dented.” Schlanger, who built his fortune founding United Envelope and eventually selling it for over $100 million, won’t say how much he lost in the Madoff scam. But in January he listed his 11,000-square-foot home on the fourth fairway of a Jack Nicklaus 18-hole golf course. The listing describes the home with its water views as the “best lot in Bears Club.”


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