Madoff Digs Get New Owners

April 8th, 2010 by alyx · 2 Comments · madoff

Time to get Officer Jenny to help out the SEC on the case of busting Ponzi schemers. Bernie Madoff’s swank UES digs have a new owner, and it’s the guy who brought us stuff like Pokemon and Teenage Mutant Ninja Turtles:

The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff’s Upper East Side penthouse. Patsy Kahn says her husband, Al, “was worried about the karma.” But she fell in love with the view of the Manhattan skyline from the 64th Street penthouse.

Al Kahn is chairman and CEO at 4Kids Entertainment Inc., a licensing company whose properties have included Pokemon and Teenage Mutant Ninja Turtles. He is also credited with helping to make Cabbage Patch dolls a phenomenon in the 1980s.

We understand he’ll be using one room of the penthouse as a Pokemon training center and closing the Rustboro Gym, so neighbors will need to get used to violent electrical surges as Pikachus work on becoming Raichus (and restoring the karma of the place). This asset sale also presumably puts investors eight-some-odd-million closer to getting their $65 billion in misappropriated funds restored, so, yay!

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