Madoff's stolen statue returned with a 'lesson' - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Madoff's stolen statue returned with a 'lesson'

Posted by Rachel Leigh email

PALM BEACH, FL (AP) - Thieves calling themselves "The Educators" have returned a statue stolen from disgraced investment guru Bernie Madoff. And they hope he's learned his lesson.

Update, FRI 2:30 PM The Palm Beach Post reports that the $10,000 copper sculpture turned up Wednesday near the country club Madoff belonged to.

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

The statue was reported missing Dec. 22, about a week after the Wall Street money manager was arrested on charges he bilked investors out of more than $50 billion. His clients included major banks, charities and retirees.

Police are investigating the return of the statue, which did not appear to be damaged.

Previously: Palm Beach Police say one or more burglars recently broke into Bernard Madoff's posh estate and swiped a statue worth more than $10,000.

The four-foot statue portrays two lifeguards sitting on a bench. Police say they have no leads in the heist that happened on December 19.

Meanwhile, Madoff, accused in a $50 billion Ponzi scheme, remains in his Manhattan apartment under 24-hour house arrest.

His $10 million bail was secured by properties owned by Madoff and his wife, including the Manhattan apartment and the Palm Beach estate.

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