The Real Deal Miami

Mapping Madoff victims by building

By C. J. Hughes | April 14, 2009 11:34AM


From the April New York issue:
When a New York federal bankruptcy court unveiled the list of victims who had been swindled by Ponzi scammer Bernard Madoff, the names read like a Who’s Who of senators, actors, sports figures and business executives. Indeed, much has been made of the stature of some of the 13,567 people and entities listed on the 162-page document. What hasn’t attracted attention here, however, is the concentration of Manhattan buildings the New York victims own apartments in — as a primary residence, second home or investment property. While a great deal has been written about the Madoff victims selling their homes in Palm Beach and other parts of Florida, so far the Madoff-related selling in New York has been done under the radar. But brokers say it is starting to ramp up. more