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Madoff's Florida mansion sells for $5.65M

Madoff's Florida mansion sells for $5.65M
Bernard Madoff arrives at Federal Court for a hearing where U.S. prosecutors will persuade a judge to end his house arrest for supposedly violating his bail conditions on January 14, 2009 in New York City. Madoff, who operated a $50 billion Ponzi-scheme, is accused of violating his bail conditions by attempting to hide his assets by mailing out $1 million worth of jewelry while under house arrest in his luxury apartment. (UPI Photo/Monika Graff) | License Photo

PALM BEACH, Fla., Oct. 15 (UPI) -- U.S. marshals said Friday they sold jailed Ponzi schemer Bernard Madoff's Palm Beach, Fla., estate for $5.65 million.

The marshals declined to identify the buyers, a California couple who beat out other bidders with an offer 34 percent below the original asking price of $8.49 million, The Wall Street Journal reported.

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The 5-bed, 8,800-square-foot estate on the Intracoastal Waterway boasts 22-foot ceilings and terracotta tile floors.

Madoff is serving a 150-year sentence in a federal prison in North Carolina for running the largest Ponzi scheme in history, with losses estimated at $18 billion.

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