Fairfield Greenwich Founder Lists Horse Farms For $18M

Apr 13 2009 | 2:04am ET

The co-founder of Fairfield Greenwich Group, the fund of hedge funds shop that lost more than $7 billion in the Bernard Madoff scandal, is selling his prized horse farms, seeking $18 million for the upstate New York properties.

Jeffrey Tucker, who has been sued for his alleged role in FFG’s Madoff investments, has listed his three Stone Bridge Farms, with a combined 426 acres, separately with Select Sotheby’s International Realty in Saratoga Springs, N.Y., home to one of the most prestigious thoroughbred racing tracks in the country. The three properties can be sold either as a piece or individually, the Albany Times-Union reports.

Tucker has already sold off most of his horses to raise money in the wake of the collapse of Madoff’s $65 billion Ponzi scheme.

Tucker lives in Manhattan, and had bought up and renovated the farms, which are still operating, over the past five years. Each of the three properties, in Schuylerville and Gansevoort, N.Y., feature furnished homes; the largest, listed for $10 million, also includes the landmark Burgoyne Hotel building, which houses the farm’s staff, as well as a 7,720-square-foot main residence, four other houses, a mile-long synthetic race track, riding arena, stalls, barns, paddocks, a maintenance building and its own starting gate.

The other two farms are slightly less opulent, but one boasts an 80-by-160-foot “mega-dome arena,” and the other a barn with 24 stalls.

RELATED:     Special Coverage: The Bernard Madoff Scandal

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