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Sculpture Snatched from Madoff’s Former Beach Home

Published: September 18, 2009
EAST HAMPTON, N.Y.— Call it a taste of his own medicine — on Saturday, a caretaker of the Hamptons home of Bernie Madoff, who’s currently serving 150 years in prison for cheating investors out of billions of dollars — found that someone had sneaked up onto the porch of the house and stolen a sculpture from it. The four-foot sculpture, which boasts an Aztec motif, was valued at $300. Security has been tightened around the home, which actually does not belong to Madoff any longer; after it was seized by U.S. Marshals and put up for sale as a way to help pay back his Ponzi-scheme victims, it was snapped up by a new owner for $8.75 million.

This isn't the first time a Madoff art-theft has occurred: In December, possibly the same week that he confessed to running the scheme, a $10,000 sculpture was stolen from his Palm Beach estate.

Read more at ArtDaily.

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