Monday, December 15, 2008

More Madoff victims surface

Investigators dug through financial records at Bernard Madoff's investment firm as the list of victims of his alleged Ponzi scheme widened to include real-estate magnate Mortimer Zuckerman, the foundation of Nobel laureate Elie Wiesel, Sen. Frank Lautenberg and a charity of movie director Steven Spielberg.

In a sign of the pain that investors are feeling, some are rushing to raise cash. In the wealthy Florida enclave of Palm Beach, four multimillion-dollar condos at Two Breakers Row, a peach-colored complex just north of the landmark Breakers hotel, on Friday and Saturday were put up for sale by owners who had invested with Mr. Madoff, said Nadine House, a prominent local real-estate agent.

http://online.wsj.com/article/SB122933474726606471.html?mod=testMod

The condos.
http://www.scottgordonrealty.com/Palm-Beach-Condo/Two-Breakers-Row.htm

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