NY reporter arrested at Madoff building

NEW YORK Tue Feb 3, 2009 5:14pm EST

The apartment building that is the home of accused swindler Bernard Madoff is pictured on New York City's upper east side, January 12, 2009. REUTERS/Mike Segar

The apartment building that is the home of accused swindler Bernard Madoff is pictured on New York City's upper east side, January 12, 2009.

Credit: Reuters/Mike Segar

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NEW YORK (Reuters) - A New York newspaper reporter was arrested over the weekend for posing as a real estate agent in an effort to gain access to accused swindler Bernard Madoff's luxury Manhattan apartment building, police said.

Investment manager Madoff, 70, is under house arrest and 24-hour surveillance in his penthouse apartment on Manhattan's Upper East Side as a condition of his $10 million bail agreement.

The reporter, Joshua Saul, 25, who works for the New York Post newspaper, was arrested on Saturday at around 1 p.m. at the building. He was charged with trespassing and issued a summons, police said.

Police sources said that he appeared to be posing as a real estate broker.

A spokesman for the newspaper did not immediately respond to a request for comment.

Madoff was arrested on December 11 for what authorities have described as the biggest Ponzi scheme in history. In a Ponzi scheme, early investors are paid with money from new investors.

(Reporting by Edith Honan; Editing by Richard Chang)

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