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In the Media

article imageBernie Madoff's boxer shorts sold at auction for $200

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By Christopher Bates
Jun 6, 2011 in Business
By Christopher Bates.
The US Marshals Service recently organized an auction for the victims of Bernie Madoff's investment fraud. The items auctioned - Bernie's "prized" possessions.
Following his conviction in 2009, the 73-year-old is currently serving 150 years in prison after committing investment fraud of $65 billion.
In an attempt to aid victims of Madoff's crime, the US Marshals Service raised $400,000 at a recent auction, selling a collection of confiscated items from his luxury Florida mansion.
While household goods, shoes and golf clubs were all among the items sold, other "collectibles" were slightly peculiar, to say the least.
As reported by the Miami Herald, 14 pairs of Madoff's boxer shorts raised a total of $200.
150 people attended the auction in person, while a further 6,000 took part online.
article:307630:19::0
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