Friday 24 November 2017

Madoff's slippers among 400 auction items

Bernard Madoff with his wife Ruth
Bernard Madoff with his wife Ruth
Madoff's Palm Beach home
Velveteen slippers, embroidered in gold with 'BLM'
The Bach who dominated the scene in the later 1700s was not the old man, but his second son, Carl Philipp Emanuel.
Ruth's 10.5-carat diamond ring

More than 400 of Bernard Madoff's possessions are to be auctioned in New York city next month.

The items include Madoff's black velveteen slippers, embroidered in gold with 'BLM', a Steinway piano and his wife Ruth's 10.5-carat diamond ring.

The US Marshals Service will be selling the disgraced financier's personal items on November 13 at the Sheraton New York Hotel & Towers.

They are the last items taken from Madoff's Manhattan and Montauk, Long Island, homes.

The agency seized his property and assets after Madoff's massive Ponzi scheme was exposed. All proceeds will benefit Madoff's wronged investors.

Last year, an auction of hundreds of other Madoff items brought $1m (€700,000). Madoff is serving 150 years in prison for ripping off thousands of investors for billions of dollars.

The sale comes shortly after officials finally found a buyer for Madoff's Florida home -- which sold for $5.65m. The house was the last of three Madoff homes that the US government sold to compensate the victims of his $65bn fraud.

Irish Independent

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