Madoff's Stolen Statue Recovered By Pest Control Workers

Dec 31 2008 | 1:09pm ET

Ok, we admit it is a slow news day, so here it goes. According to a police report, the lifeguard statue stolen from the Bernard Madoff estate last week has been recovered.

Bernard Madoff's Lifeguard StatueBernard Madoff's Lifeguard Statue

The statue was found by two pest control workers this morning.

A note attached to the statue read: "Bernie the Swindler, Lesson: Return stolen property to rightful owners. Signed by–The Educators."

Local news station WPTV is on the scene at the Madoff estate in Palm Beach with updates (proof that it is a slow news day).

In case you haven’t heard, Madoff is accused of running a $50 billion Ponzi scheme, which has claimed dozens of hedge funds and celebrities, including Footloose star Kevin Bacon, as victims.

The 4-foot-high statue worth more than $10,000 was stolen from Madoff’s estate eight days after he was arrested in New York in connection with operating the $50 billion Ponzi scheme.

Madoff has been freed on $10 million bail, but is under house-arrest at his Manhattan apartment, a move that has many of Madoff’s alleged victims extremely irate.

Madoff is scheduled to submit a list of his personal assets to the Securities and Exchange Commission today. He can now add the copper statue to that list.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...