Bernie Madoff's Palm Beach house sold

PALM BEACH, FL (WFLX) - The former Palm Beach vacation home of convicted fraudster Bernie Madoff is now in the hands of a new owner.

The home sold for more than $9 million to a Florida company. The house is on Lake Way, midway between Royal Poinciana way and the Palm BeachCcountry Club.

The proceeds helped repay victims of Madoff's multi-billion dollar Ponzi scheme.

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