Madoff's Upper East Side Penthouse Is Sold

After days of suspense, the buyer for Ponzi King Bernie Madoff's Upper East Side penthouse hs been revealed: it is Alfred Kahn, chief executive of 4Kids Entertainment, according to a New York Post scoop. Kahn is famous for marketing hit toys such as Cabbage Patch dolls and Teenage Mutant Ninja Turtles.

This past September, US Marshals appointed Sotheby's International Realty brokers Anne Corey and Serena Boardman to sell the 7-room co-op apartment at 133 East 64th Street, which was originally listed for $9.9 million. A possible sale was first reported in late January.

The Upper East Side aerie was one of several Madoff-owned properties that were seized. There was also the Hamptons ocean front home, a mansion in Palm Beach, a villa in Cap d'Antibes, France and several yachts, including a 55-foot 1969 Rybovich called "Bull." Proceeds from the sale are said to help pay back the legions of investors that Madoff bilked in his $65 billion Ponzi scheme.