The Real Deal Miami

Madoff fallout: Palm Beach mansions for sale

December 16, 2008 09:58AM

At least a few Palm Beach residents who may have invested heavily with
alleged fraudster Bernard Madoff may be putting their houses up for
sale after losing money in Madoff’s scheme. Paulette Koch, an agent at
Corcoran Group in Palm
Beach, said she took on two listings over the weekend, although she
declined to name the owners or repeat what they told her about Madoff.
Madoff drew heavily from the membership of the Palm Beach Country Club
for his clientele.