I'm sure it's just a concidence

Bernie Madoff & his brother, Peter - are doing the "Florida Homestead shuffle," a la Dick Fuld:

(Via CBS)

Florida’s "homestead" laws, which are unlike what any other state has, in part allow homeowners facing legal judgments (or other financial issues) to protect their primary residence fully - keeping it out of the hands of potential creditors. One of the key steps in qualifying for the home-protection is seeking "homestead exemption," which provides homeowners with a tax break.

On May 10, 2001, Peter Madoff bought the home at 200 Algoma Road in Palm Beach, Fla., along with his wife Marion. Both were listed as owners at the time.

Five years later, on Nov. 8, 2006, Peter transferred the title to Marion making her the sole legal owner of the home.

A month later, on Dec. 28, 2006, Marion applied for, and soon after received, homestead exemption.

[snip]

Meanwhile, property records show Bernard Madoff’s Palm Beach mansion at 410 N. Lake Way has been in his wife’s name since it was purchased in March of 1994.

But, information obtained exclusively by CBS News reveals that it wasn’t until Dec. 10, 2006, that Ruth Madoff applied for homestead exemption. This was within weeks of when her sister-in-law Marion applied for the same exemption.

(H/t The Big Picture)