Sunday, 1 February 2015
Last updated 2 days ago
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.
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…