Madof a miserable cottage for $ 8 million? Fame determine the price …

Those who look at Bernard Madof as the personification of greed and extravagance may be disappointed by his coastal villa: it is not as lush and spacious, wrote in surveillance material Associated Press, quoted by BTA.
With an area of 280 square meters, the building is sized crib. Her furniture look as old as the one created decades ago Madof pyramid scheme. No garage. Not even a closet, notes AP.
Office of the bailiff, which on July 1, confiscate property, located east of Hemptans, this week it announced the sale to help compensate investors deceived by epic Madof scheme.
Authorities plan to soon hire brokers to buyers looking for an apartment in Manhattan and a mansion in Palm Beach, Florida – once owned by the financier, turned-bogus. According to federal regulators, published last year, Madof assessed his apartment in Manhattan for $ 7 million and their property in Florida – on 11 million dollars. He said that Montouk coastal villa in which he bought in 1979, worth $ 3 million.
According to federal authorities, the villa can be sold for almost $ 8 million. Remains to be seen whether the glory of Madof helps or harms, notes AP.

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