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A sweet deal on a house or apartment, presumably in the general area of NYC or Palm Beach, which is a direct result of its owner having sustained a significant loss in the Bernie Madoff fraud.
Julianna: We just bought Julia's Palm Beach home last week for a fraction of what it's really worth, what a Bernie Madoff Bargain.

The poor woman was fleeced by Bernie and she needed to raise cash fast.
by WeirdBlitzBoy April 15, 2009
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