Madoff's Montauk house sold for $9.4 million
Bernie Madoff's Montauk house, which was seized by the federal government in July, sold for $660,000 more than the asking price, the
The Corcoran Group put the 2,860-square-foot beachfront house on the selling block on September 1 for $8.75 million. It sold 17 days later in an all-cash deal for $9.41 million to a buyer whom neither Corcoran nor the
The four-bedroom, three-bath house on
The proceeds of the sale, and the sales of Mr. Madoff's properties in
Accused of defrauding investors of an estimated $65 billion, Mr. Madoff pleaded guilty in March to 11 federal criminal counts and was sentenced in June to 150 years in prison.