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January 1st, 2009
04:01 PM ET

Statue stolen from Madoff found with message

The statue was found with a message apparently aimed at the owner, who is charged with securities fraud.

The statue was found with a message apparently aimed at the owner, who is charged with securities fraud.

A statue worth more than $10,000 that was stolen from the Palm Beach, Florida, estate of Wall Street investment adviser Bernard Madoff has been recovered, police said Thursday.

Palm Beach police Sgt. Chris Proscia said the 4-foot-high statue was found Wednesday morning with a message attached to it reading: "Bernie the Swindler, Lesson: Return stolen property to rightful owners."

The statue was stolen December 19, eight days after Madoff was arrested in New York on suspicion of operating a $50 billion Ponzi scheme. He was charged with securities fraud and is under house arrest in New York while awaiting court proceedings.

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Filed under: Economy • Finance
soundoff (One Response)
  1. Annie Kate

    Once Madoff is found guilty and sentenced to prison the authorities need to confiscate all his assets and sell them off to try to recover some of the money he took from his victims. Off shore assets should be seized as well. While the victims will probably never get all their money back I'm sure they would appreciate getting back at least some of it.

    January 1, 2009 at 5:42 pm |