The Palm Beach Post reports that the $10,000 copper sculpture turned up Wednesday near the country club Madoff belonged to.
A note attached read: "Bernie the Swindler, Lesson: Return stolen property to rightful owners. Signed by -- The Educators."
The statue was reported missing Dec. 22, about a week after he was arrested on charges he bilked investors out of more than $50 billion. His clients included major banks, charities and retirees.
Police are investigating the return of the statue, which did not appear to be damaged.