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Palm Beach, FL - Swindler Madoff's Stolen Statue Returned - with a 'Lesson'

Published on: January 1, 2009 07:52 AM
By: NY Post
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TO THIEF, FROM THIEF: Bernie Madoff's lifeguard statue bears a note from the swiper: "Return stolen property to rightful owners."TO THIEF, FROM THIEF: Bernie Madoff's lifeguard statue bears a note from the swiper: "Return stolen property to rightful owners."

Palm Beach, FL - Thieves calling themselves “The Educators” have returned a statue stolen from disgraced investment guru Bernie Madoff. And they hope the Wall Street money manager has learned his lesson.

The statue stolen from the megascammer’s $9.4 million Florida estate turned up yesterday near the country club where Madoff cultivated many of his victims in a $50 billion scam, bearing an ominous note.

“To Bernie (the swindler),” it read. “Lesson: Return stolen property to rightful owners. Signed by - the educators.”

Palm Beach police said the $10,000, 5-foot copper statue portraying two lifeguards sitting on a chair was found in bushes behind the Palm Beach County Club.

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The statue, which had overlooked Madoff’s pool, was reported missing by a housekeeper on Dec. 22.

Madoff, 70, remains under house arrest at his swank $7 million East Side apartment while he awaits trial.

Meanwhile, he handed over to the Securities and Exchange Commission a detailed list of all his personal assets yesterday.
The SEC confirmed last night it had received the filing. SEC spokesmen said no decision had been made as to whether part or all of the asset disclosure would be made public.

One family of investors from Long Island yesterday filed another in a series of lawsuits against Madoff or hedge-fund operators who had funneled investors’ money to him.
Anthony, Maria and Toni Sciremammano, of Massapequa Park, said they lost nearly $2 million they had invested with Madoff since 1995.


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1

 Jan 01, 2009 at 10:00 AM robroy560 Says:

Two wrongs usually don't make a right, but this one is great.

2

 Jan 01, 2009 at 10:18 AM Expatriate Owl Says:

"The statue, which had overlooked Madoff's pool, was reported missing by a housekeeper on Dec. 22."

And how many housekeepers are still on the payroll?

3

 Jan 01, 2009 at 03:42 PM Anonymous Says:

when we are going through such tense times here in EY it was good to have a good laugh it is the best one I have heard in a long time

4

 Jan 01, 2009 at 03:41 PM Anonymous Says:

I bet he will never do it again now. Anyone trying to steal billions, better watch out now, the Educators will teach you a lesson to.

5

 Jan 01, 2009 at 07:41 PM Nanny-gate Says:

check if the housekeepers are legit, taxes, documentation, ss#, workers comp.

6

 Jan 01, 2009 at 09:39 PM Bugsy Siegel Says:

10,000 dollars for an ugly hunk of metal! At least if you are gonna buy something with that money, use a little class!

7

 Jan 01, 2009 at 10:46 PM Expatriate Owl Says:

#5 [Nanny-gate 07:41 PM] wrote:
"check if the housekeepers are legit, taxes, documentation, ss#, workers comp."


IF, on one hand, they are all legit, then not problem, just fire the nonessential employees.

BUT, on the other hand, if they are undocumented and/or no taxes and/or no worker's comp, etc., well now we have a dilemma: Is it better to put them above board so that they can pay their fair share of the taxes, or is it better to keep them off the books so that Bernie's creditors' potential recovery pool is not diminished by the employer's share of worker's comp & taxes & penalties & interest?

[And if they get fired, might the newly-jobless people bring the matter to the IRS? And if so, and if Bernie is judgment-proof, might there be someone else who can be held personally liable for the payroll taxes under the Internal Revenue Code?

As Rabbi Salomon would say, "Something to Think About."

8

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