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Bernie Madoff Taking Palm Beach Down With Him

Right now disgraced faux-financier Bernie Madoff is cooling his heels in an undisclosed jail (probably to keep the pitchforked masses from descending). But if he were allowed to walk free, he'd pretty much have nowhere to go anyway: Not only is his Manhattan penthouse on sale and several of his toys seized, he's now being blamed for bringing down his second home of Palm Beach as well. It's true, you can't go home again.

The penthouse was quietly put up for sale in January, around the time Madoff was first confined to house arrest there. (Well, that's gotta be awkward!) But his Palm Beach pad has been seized by the feds to help repay the people he swindled, as was a yacht and an Aston Martin he gave to his brother Peter last year. As if that wasn't bad enough, the Florida mansion has dropped some 20 percent in value since being assessed last year, adding untold hours to the time Madoff will spend making license plates in the clink.

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