Madoff Brother's L.I. Mansion on Market for $6.5M

Thursday, Jun 2, 2011  |  Updated 8:57 AM EDT
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Inside Bernie Madoff's Palm Beach Mansion

AP

Peter Madoff

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Bernard Madoff's brother has his New York mansion on the market for $6.5 million.     

Peter Madoff is selling off real estate as he faces a lawsuit by the trustee reclaiming funds for investors in Bernard Madoff's Ponzi scheme.     

Newsday says Peter Madoff and his wife bought the 14-room home in Old Westbury, N.Y., on Long Island, for about $2.5 million in 1990.     

The paper cites public records and real estate reports.     

The house is on 4 acres of property. The taxes are nearly $75,000.

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