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Safe as Houses

After Madoff, real estate looks good

posted 5/7/2009

A philanthropist who lost megabucks in the Bernie Madoff scam has found a more tangible investment: homes in Ann Arbor Hills. The Observer has learned that at least four houses in the affluent east-side neighborhood have been purchased by a company owned by Jeanne Levy-Church, whose late father, Norman E. Levy, was a close friend of the now- infamous financier.

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