Looks like Bernie Madoff's Florida mansion lost nearly $2 million in value over a relatively short period:
Even Bernie Madoff isn't exempt from the real estate slump. The Florida mansion that prosecutors seized from the Wall Street swindler appears to have lost a big chunk of its value since Palm Beach County officials assessed its worth last year at $9.3 million.
A new appraisal that federal officials had done in March pegged the property's likely market price at $7.45 million.
This means, of course, that prosecutors will have even less compensation to offer Madoff's alleged victims.
Reader Comments