Hollywood mansion, once home to Cher, sells for $88M at a loss | Page Six Celebrity News

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If walls could talk, this Tuscan estate would be worth its millions in gossip alone.

Robert Shapiro, the alleged originator of a $1.2-billion Ponzi scheme, has sold his historic Los Angeles mansion for $88 million — $2 million less than he paid for the property in 2016 and less than half his original $180 million asking price in 2017 when he was first charged by the Securities and Exchange Commission. Shapiro has now accepted a lowball offer as he scrambles to pay back investors.

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