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Eventually, a Madoff Tag Sale. Now, the Weekend Poll.

At high noon yesterday, federal marshals seized Bernard Madoff's $7 million Manhattan co-op apartment and most of its contents. Ruth Madoff left the apartment shortly before the feds arrived and changed the locks. Marshals also are seizing the couple's homes in Montauk, N.Y, and Palm Beach, Fla.

The forfeiture order specified that all "readily salable" personal property in the co-op be handed over to the government, including a $39,000 Steinway piano and a $65,000 set of silverware. The government plans to sell the goods -- details on how and when yet to come -- and use the proceeds to help make restitution to investors victimized by Madoff's massive Ponzi scheme.

I wonder who will want to live in Bernie's old homes? Will people pay a premium to sip soup from his and Ruth's silver spoons? Or will the government be better off lumping their belongings in with the bling seized from drug dealers and other criminals and selling them without fanfare?

Weekend reading: The Post's Jonathan Starkey reports on buying a home at the beach, and whether it's the right move even at distress-sale prices. Have a wonderful and safe Fourth of July holiday, everyone!

The Weekend Poll

This is a non-scientific user poll. Results are not statistically valid and cannot be assumed to reflect the views of Washington Post users as a group or the general population.

By Elizabeth Razzi  |  July 3, 2009; 6:00 AM ET
Categories:  Condo/homeowner associations , Home features , Poll , Weekend Poll  
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Next: A Summer Break for the Air Conditioner

Comments

What would I want with a fur coat? With global warming increasing we'll all be wandering around in the altogether soon enough.

Who cares about the criminal "family"? What I want to see is the other "feeders", brought before the courts. Nobody in the banking "business" could subscribe to a fund that paid out 500% per annum without knowing that there was something fishy. They were co-conspitators.

Who in the world are those 52 000 names that have numbered Swiss accounts by the way?

Chris Brown in Hamburg

Posted by: chrisbrown12 | July 3, 2009 9:26 AM | Report abuse

The comments to this entry are closed.

 
 
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