Madoff's Brother Puts NY Mansion on the Market

Thursday, 02 Jun 2011 09:32 AM

 

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NEW YORK —  Bernard Madoff's brother has his New York mansion on the market for $6.5 million.

Peter Madoff is selling off real estate as he faces a lawsuit by the trustee reclaiming funds for investors in Bernard Madoff's Ponzi scheme.

Newsday says Peter Madoff and his wife bought the 14-room home in Old Westbury, N.Y., on Long Island, for about $2.5 million in 1990.

The paper cites public records and real estate reports.

The house is on 4 acres of property. The taxes are nearly $75,000.


© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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