Tags: US | Madoff | Auction

Government Sells Spoils of Madoff's Lavish Life

Saturday, 13 Nov 2010 09:49 AM

 

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NEW YORK (AP) — Anyone who literally wants to walk in Bernard Madoff's shoes is in luck. Thousands of belongings from the fallen financier's New York City penthouse are on the auction block Saturday, including hundreds of pairs of shoes.

Also up for grabs is a diamond engagement ring once worn by his wife, Ruth Madoff. It's worth at least $300,000.

When Madoff was arrested two years ago, U.S. marshals seized everything from the couple's daily life — including his used socks, monogrammed boxer shorts and velveteen slippers now for sale.

The proceeds will go to more than 3,000 clients Madoff swindled in a multi-billion dollar Ponzi scheme.

The 72-year-old former Wall Street trader is serving a 150-year sentence in a North Carolina prison.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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