clock menu more-arrow no yes

Mapping the Homes of America's Most Notorious Swindlers

View as Map

Following hot on the heels of Curbed NY's look into the real estate formerly owned by some of the Big Apple's infamous fraudsters, here's a look at the homes of some nationally known con artists, securities cheats, and embezzlers. On the map below, find the Massachusetts home of original fraudulent investment schemer Charles Ponzi, the huge Houston estate of Enron's Jeff Skilling, the SoCal pad where junk bond king Michael Milken has lived since 1977—excluding jail time of course—and many more.


· Where Financial Fraudsters Have Lived in New York City [Curbed NY]

Read More

1. Charles Ponzi

Copy Link
19 Slocum Road
Lexington, MA 02421

The most famous fraud of all time was committed by Charles Ponzi, the man who later lent his name to the practice of paying off old investors with new investors cash. Ponzi, who stole close to $10M before being caught, lived in this stately stucco mansion in Lexington, Mass. for two years at the height of his criminal success.

2. Jeffrey Skilling

Copy Link
2 Briarwood Court
Houston, TX 77019

The CEO behind the infamous Enron scandal, Jeffrey Skilling is currently serving out his prison sentence on fraud and other charges. Meanwhile, coffee heir and former Secretary of Energy Charles Duncan occupies Skilling's huge Houston estate.

3. Bernie Ebbers

Copy Link
200 Highway 583
Brookhaven, MS 39601

The lesser-known Bernie on this ignominious list, Bernard Ebbers founded WorldCom, led it to great success in the 90's, then took out $400M in personal loans from the company before it declared bankruptcy. His Canadian ranch later sold for $68.5M, and this Mississipi mansion on more than 800 acres went for $7.5M.

4. Michael Milken

Copy Link
4543 Tara Drive
Encino, CA 91436

Junk bond king Michael Milken was convicted on securities fraud charges in 1989, but he's back on top now. Thanks to a pair of successful IPOs, the best-known name on Wall Street now has $2B behind it. Despite the wealth, Milken has been living in the same relatively modest home since 1977, in Encino, his hometown.

5. Dennis Kozlowski

Copy Link
Runnymede Drive
North Hampton, NH 03862

Former Tyco CEO Dennis Kozlowski was nailed for taking more than $81M in unauthorized bonuses from the publicly traded company, but not before spending a fair bit of the loot on this sprawling mansion on the New Hampshire coast. It later sold at auction for $4.135M.

6. Jon Corzine

Copy Link
1025 Maxwell Lane
Hoboken, NJ 07030

Jon Corzine, a former CEO of Goldman Sachs and U.S. Senator, presided over the spectacular collapse of the futures broker and bond dealer MF Global, where more than a billion dollars in customer cash was misappropriated. Corzine sold this N.J. penthouse for $2.8M, a loss, in 2010.

7. Raffaello Follieri

Copy Link
641 5th Avenue
New York, NY 10022

A con man better known for his high-profile relationship to actress Anne Hathaway than his huge take, Raffaello Follieri was still able to live high on the stolen hog at this penthouse in the Olympic Tower that now rents for around $65K per month.

8. Sam Israel

Copy Link
52 Oregon Road
Mount Kisco, NY 10549

After swindling investors out of $400M, hedge fund manager Sam Israel tried to dupe the feds by faking a suicide and going on the lam in a Winnebago. Needless to say, Israel was caught and never had a chance to renew his $22,000-per-month lease on Donald Trump's Seven Springs estate.

9. Sam Waksal

Copy Link
169 Hudson Street
New York, NY 10013

ImClone CEO Sam Waksal provided the inside information that got Martha Stewart locked up, but was successfully able to defend his daughter's sale of $2.5M worth of stock by claiming it was used to purchase this Tribeca loft. The younger Waksal sold it last year for $4.9M.

10. Walter Forbes

Copy Link
687 Smith Ridge Road
New Canaan, CT 06840

Known as Wisteria Hill, this 23-room mansion in the tony suburb of New Haven was once home to Cendant chairman Walter Forbes. Forbes was behind the largest securities fraud scheme exposed in the 1990s, which helped pay for a decade-long renovation of this historic estate. Wisteria Hill later sold for $7M, after Forbes was ordered to pay $3B in restitution.

11. Joseph Nacchio

Copy Link
1 Manor Hill Drive
Mendham, NJ 07945

Convicted on 19 counts of insider trading while at the helm of telecommunications giant Qwest, Joseph Nacchio allegedly pocketed $52M. He previously called this uninspired N.J. McMansion home, before heading up the river in 2009.

12. Barry Trupin

Copy Link
650 Meadow Lane
Southampton, NY 11968

The man behind Southampton's legendary Dragon's Head estate (now demolished and home to Calvin Klein's summer residence), tax shelter expert Barry Trupin was nabbed by the authorities for attempting to sell a fake Marc Chagall painting in 1995 and eventually also convicted on tax fraud charges.

13. Louis Samuel

Copy Link
2255 Verde Oak Drive
Los Angeles, CA 90068

Easily the most architecturally distinctive home on this list, the Lloyd Wright-designed Samuel-Novarro House was paid for with embezzled funds. When the crime was discovered Louis Samuel handed over the house to his boss, silent film star Ramon Novarro, to escape prosecution.

14. John Visconti

Copy Link
1140 Calle Vista Drive
Beverly Hills, CA 90210

Axium CEO John Visconti gutted the now-defunct payroll services company, siphoning off millions of dollars for himself in the process. Some of that cash likely went to pay for this garish Beverly Hills mansion, which recently sold for $1.8M.

15. Bernie Madoff

Copy Link
410 North Lake Way
Palm Beach, FL 33480

What? You thought we'd forgotten about the king of all financial fraudsters? Bernie Madoff's Palm Beach winter home is so enshrouded in trees that it looks purpose-built for dodging creditors. The house finally sold by the U.S. Marshalls in 2010 for an undisclosed amount, following the $8M sale of Madoff's Manhattan penthouse, and the $9.41M sale of his Hamptons getaway.

Loading comments...

1. Charles Ponzi

19 Slocum Road, Lexington, MA 02421

The most famous fraud of all time was committed by Charles Ponzi, the man who later lent his name to the practice of paying off old investors with new investors cash. Ponzi, who stole close to $10M before being caught, lived in this stately stucco mansion in Lexington, Mass. for two years at the height of his criminal success.

19 Slocum Road
Lexington, MA 02421

2. Jeffrey Skilling

2 Briarwood Court, Houston, TX 77019

The CEO behind the infamous Enron scandal, Jeffrey Skilling is currently serving out his prison sentence on fraud and other charges. Meanwhile, coffee heir and former Secretary of Energy Charles Duncan occupies Skilling's huge Houston estate.

2 Briarwood Court
Houston, TX 77019

3. Bernie Ebbers

200 Highway 583, Brookhaven, MS 39601

The lesser-known Bernie on this ignominious list, Bernard Ebbers founded WorldCom, led it to great success in the 90's, then took out $400M in personal loans from the company before it declared bankruptcy. His Canadian ranch later sold for $68.5M, and this Mississipi mansion on more than 800 acres went for $7.5M.

200 Highway 583
Brookhaven, MS 39601

4. Michael Milken

4543 Tara Drive, Encino, CA 91436

Junk bond king Michael Milken was convicted on securities fraud charges in 1989, but he's back on top now. Thanks to a pair of successful IPOs, the best-known name on Wall Street now has $2B behind it. Despite the wealth, Milken has been living in the same relatively modest home since 1977, in Encino, his hometown.

4543 Tara Drive
Encino, CA 91436

5. Dennis Kozlowski

Runnymede Drive, North Hampton, NH 03862

Former Tyco CEO Dennis Kozlowski was nailed for taking more than $81M in unauthorized bonuses from the publicly traded company, but not before spending a fair bit of the loot on this sprawling mansion on the New Hampshire coast. It later sold at auction for $4.135M.

Runnymede Drive
North Hampton, NH 03862

6. Jon Corzine

1025 Maxwell Lane, Hoboken, NJ 07030

Jon Corzine, a former CEO of Goldman Sachs and U.S. Senator, presided over the spectacular collapse of the futures broker and bond dealer MF Global, where more than a billion dollars in customer cash was misappropriated. Corzine sold this N.J. penthouse for $2.8M, a loss, in 2010.

1025 Maxwell Lane
Hoboken, NJ 07030

7. Raffaello Follieri

641 5th Avenue, New York, NY 10022

A con man better known for his high-profile relationship to actress Anne Hathaway than his huge take, Raffaello Follieri was still able to live high on the stolen hog at this penthouse in the Olympic Tower that now rents for around $65K per month.

641 5th Avenue
New York, NY 10022

8. Sam Israel

52 Oregon Road, Mount Kisco, NY 10549

After swindling investors out of $400M, hedge fund manager Sam Israel tried to dupe the feds by faking a suicide and going on the lam in a Winnebago. Needless to say, Israel was caught and never had a chance to renew his $22,000-per-month lease on Donald Trump's Seven Springs estate.

52 Oregon Road
Mount Kisco, NY 10549

9. Sam Waksal

169 Hudson Street, New York, NY 10013

ImClone CEO Sam Waksal provided the inside information that got Martha Stewart locked up, but was successfully able to defend his daughter's sale of $2.5M worth of stock by claiming it was used to purchase this Tribeca loft. The younger Waksal sold it last year for $4.9M.

169 Hudson Street
New York, NY 10013

10. Walter Forbes

687 Smith Ridge Road, New Canaan, CT 06840

Known as Wisteria Hill, this 23-room mansion in the tony suburb of New Haven was once home to Cendant chairman Walter Forbes. Forbes was behind the largest securities fraud scheme exposed in the 1990s, which helped pay for a decade-long renovation of this historic estate. Wisteria Hill later sold for $7M, after Forbes was ordered to pay $3B in restitution.

687 Smith Ridge Road
New Canaan, CT 06840

11. Joseph Nacchio

1 Manor Hill Drive, Mendham, NJ 07945

Convicted on 19 counts of insider trading while at the helm of telecommunications giant Qwest, Joseph Nacchio allegedly pocketed $52M. He previously called this uninspired N.J. McMansion home, before heading up the river in 2009.

1 Manor Hill Drive
Mendham, NJ 07945

12. Barry Trupin

650 Meadow Lane, Southampton, NY 11968

The man behind Southampton's legendary Dragon's Head estate (now demolished and home to Calvin Klein's summer residence), tax shelter expert Barry Trupin was nabbed by the authorities for attempting to sell a fake Marc Chagall painting in 1995 and eventually also convicted on tax fraud charges.

650 Meadow Lane
Southampton, NY 11968

13. Louis Samuel

2255 Verde Oak Drive, Los Angeles, CA 90068

Easily the most architecturally distinctive home on this list, the Lloyd Wright-designed Samuel-Novarro House was paid for with embezzled funds. When the crime was discovered Louis Samuel handed over the house to his boss, silent film star Ramon Novarro, to escape prosecution.

2255 Verde Oak Drive
Los Angeles, CA 90068

14. John Visconti

1140 Calle Vista Drive, Beverly Hills, CA 90210

Axium CEO John Visconti gutted the now-defunct payroll services company, siphoning off millions of dollars for himself in the process. Some of that cash likely went to pay for this garish Beverly Hills mansion, which recently sold for $1.8M.

1140 Calle Vista Drive
Beverly Hills, CA 90210

15. Bernie Madoff

410 North Lake Way, Palm Beach, FL 33480

What? You thought we'd forgotten about the king of all financial fraudsters? Bernie Madoff's Palm Beach winter home is so enshrouded in trees that it looks purpose-built for dodging creditors. The house finally sold by the U.S. Marshalls in 2010 for an undisclosed amount, following the $8M sale of Madoff's Manhattan penthouse, and the $9.41M sale of his Hamptons getaway.

410 North Lake Way
Palm Beach, FL 33480