Skip to main content
Tags: US | Madoff | Auction

Government Sells Spoils of Madoff's Lavish Life

Saturday, 13 November 2010 09:49 AM EST

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 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


US
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...
US,Madoff,Auction
122
2010-49-13
Saturday, 13 November 2010 09:49 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved