Palm Beach may see some Madoff victims selling homes, yachts, jewelry [South Florida]
Madoff mania may be flooding the island, but signs of panic may be more anecdotal than factual.
With the economy already in the doldrums, it can be difficult to divine the reasoning behind island residents’ financial moves.
While some island real estate brokers and shop owners have reported an increase in homes and merchandise up for sale since investment broker Bernard Madoff’s alleged Ponzi scheme was revealed last week, others say it’s business as usual.