Reuters Pictures
The ocean front beach house of financier Bernard Madoff is seen on Long Island in Montauk, New York in this December 18, 2008 file photo. The New York Times reported September 17, 2009 that the home owned by disgraced Wall Street investment manager Madoff, convicted of orchestrating a $50 billion fraud, has been sold for more than the $8.75 million asking price according to the listing agent for the property and the U.S Marshals Service.