Auction for Bernard Madoff's possessions - WKOW 27: Madison, WI Breaking News, Weather and Sports

Auction for Bernard Madoff's possessions


NEW YORK (WKOW) -- Disgraced financier Bernard Madoff's possessions are being auctioned off in New York City.  In fact, more than 400 items will be up for bids.

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 U.S. Marshals Service will be selling Madoff's personal items on Nov. 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 $1 million.

Madoff is serving 150 years in prison for ripping off thousands of investors for billions of dollars.

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