The last owner who regularly used the residence, Peter Madoff, had to leave unexpectedly. He was implicated in the Ponzi scheme his now-notorious older brother, Bernard Madoff, used to steal as much as $20 billion from thousands of average investors, charities, celebrities and others.
On Wednesday, the U.S. Marshals Service announced the sale of the mansion for $3.5 million. Much of the proceeds will help reimburse the fraud victims through distributions from a victims compensation fund administered by the Department of Justice.
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