Stolen Madoff statue returned with note attached

2009-01-05 08:53:44 GMT2009-01-05 16:53:44 (Beijing Time) China Daily

This $10,000 copper sculpture was reported stolen Dec. 22 from the Palm Beach, Fla., home of disgraced financier Bernie Madoff. It resurfaced Wednesday with a note from the apparent thieves. [Agencies]

NEW YORK - A statue stolen last month from Wall Street financier Bernard Madoff's Florida home has been returned undamaged, and with a note attached, to a country club where the accused swindler is a member, Palm Beach police said on Thursday.

The attached note read: "Bernie the Swindler, Lesson: Return stolen property to rightful owners. Signed by The Educators," according to police.

"We don't know who that is," Sgt. Chris Proscia told Reuters. "We think it was done just to prove a point."

Madoff, a former Wall Street fund manager, is accused of running a $50 billion scam that ensnared wealthy investors, banks and charities around the world.

The 70-year-old investment advisor is under house arrest in his Manhattan apartment. He was criminally charged on December 11 in what could prove to be Wall Street's biggest fraud. According to court documents, Madoff has confessed to his sons that he ran a Ponzi scheme for years, paying off early investors with money from new clients.

(Agencies)

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