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Bernie Madoff’s Hamptons home was finally bought after disgraced Ponzi schemer was forced to sell

The Hamptons home of disgraced Ponzi schemer Bernie Madoff has finally found a buyer after a 13-year wait.

Madoff — who died in 2021 while serving a 150-year sentence — was forced to sell the property in 2009 for just $9.41 million to Steven Roth, head of the property’s original developers, Vornado Realty Trust.

The 3,000 square foot estate is located on the oceanfront of Long Island’s famous village of Montauk.

It was recently featured heavily in a Netflix documentary series highlighting Madoff’s crimes, “Madoff: The Monster of Wall Street.”

The Hamptons home of disgraced Ponzi schemer Bernie Madoff has finally found a buyer after a 13-year wait

The sale has been overseen by Tim Davis of the Corcoran Group in a co-exclusive partnership with Bespoke Real Estate.

Davis confirmed the news to DailyMail.com on Tuesday night.

“The house is under contract and will close in early March, all other details are confidential at this time,” he said.

The property was initially listed for $21 million before the price was reduced to $16.5 million. It is not known what the house was sold for.

According to the New York Post, Madoff originally bought the house in 1980 for $250,000. That price inflated for 2023 would be close to $1 million, meaning that even when Madoff sold, he made more than nine times what he would have paid for it.

The property sits on approximately 55 feet of oceanfront land and is situated on approximately one and a half acres of land.

The developers who bought from Madoff renovated the place in 2011, complete with a heated pool.

Madoff - who died in 2021 while serving a 150-year sentence - was forced to sell the property in 2009 for just $9.41 million to Steven Roth, head of the property's original developers, Vornado Realty Trust

Madoff - who died in 2021 while serving a 150-year sentence - was forced to sell the property in 2009 for just $9.41 million to Steven Roth, head of the property's original developers, Vornado Realty Trust

Madoff – who died in 2021 while serving a 150-year sentence – was forced to sell the property in 2009 for just $9.41 million to Steven Roth, head of the property’s original developers, Vornado Realty Trust

The 3,000 square foot estate is located on the oceanfront of Long Island's famous village of Montauk

The 3,000 square foot estate is located on the oceanfront of Long Island's famous village of Montauk

The 3,000 square foot estate is located on the oceanfront of Long Island’s famous village of Montauk

It was recently featured heavily in a Netflix documentary series highlighting Madoff’s crimes, “Madoff: The Monster of Wall Street.”

The sale has been overseen by Tim Davis of the Corcoran Group in a co-exclusive partnership with Bespoke Real Estate

The sale has been overseen by Tim Davis of the Corcoran Group in a co-exclusive partnership with Bespoke Real Estate

The sale has been overseen by Tim Davis of the Corcoran Group in a co-exclusive partnership with Bespoke Real Estate

The news comes after the Madoff estate was forced to pull it off the market without a buyer.

Madoff, who spearheaded the largest Ponzi scheme in U.S. history, died of natural causes on April 14, 2021, at the Federal Correctional Facility in Butner, North Carolina, serving a 12-year prison sentence of 150 years.

A year before his death, he had pleaded for an early release, claiming he was dying of kidney disease and had only 18 months to live.

The judge denied his request, saying he had committed one of the most egregious financial crimes in history and that he should pay for it.

His wife Ruth was the only member of his family to assist him.

Madoff, who ran the largest Ponzi scheme in U.S. history, died of natural causes at the Federal Correctional Facility in Butner, North Carolina on April 14, 2021, serving 12 years in a 150-year prison sentence

Madoff, who ran the largest Ponzi scheme in U.S. history, died of natural causes at the Federal Correctional Facility in Butner, North Carolina on April 14, 2021, serving 12 years in a 150-year prison sentence

Madoff, who ran the largest Ponzi scheme in U.S. history, died of natural causes at the Federal Correctional Facility in Butner, North Carolina on April 14, 2021, serving 12 years in a 150-year sentence

The property sits on approximately 55 feet of oceanfront land and is situated on approximately one and a half acres of land

The property sits on approximately 55 feet of oceanfront land and is located on approximately one and a half acres of land

The property sits on approximately 55 feet of oceanfront land and is situated on approximately one and a half acres of land

The developers who bought from Madoff renovated the place in 2011, complete with a heated pool

The developers who bought from Madoff renovated the place in 2011, complete with a heated pool

The developers who bought from Madoff renovated the place in 2011, complete with a heated pool

She never divorced him, but claims not to have spoken to him since their son Mark’s suicide in 2010.

Ruth is now cooped up in a $3.8 million home in Old Greenwich, Connecticut, with the family of Mark’s first wife, whom he divorced in 2000 after having two children with her. He subsequently remarried Stephanie Madoff Mack and was still married to her when he committed suicide in 2010.

Madoff robbed 37,000 victims in 136 countries of $64.8 billion, taking one’s money to pay off the other, before finally being arrested in 2008 after his two adult sons turned him in. Many of his victims came from the Jewish community, where Madoff was an important philanthropist.

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