U.S. Marshals Head South For Final Madoff Auction

NEW YORK (CBS 2) – The last of financial scammer Bernard Madoff’s possessions from his Manhattan penthouse and Montauk beach house sold in an auction yesterday in Midtown.

The U.S. Marshals Service seized the property after Madoff was convicted in July 2009 on 11 separate charges in the biggest Ponzi scheme in history.

Items, such as his 1917 Steinway piano, sold quickly and in many cases well above market value.

At least one buyer expressed some sympathy, not for Madoff, but for his wife, Ruth, after buying their bed.

“My heart goes out to Ruth Madoff and I would be happy to give her back her bed.  If she wants it,” Upper West Side resident Tally Weiner said.

Now that the New York property finished, the U.S. Marshals will host the third and final auction, selling Madoff’s possessions from Palm Beach, Fla. and his wine collection.

“We’ve sold every boat, every yacht, every house, mansion and every car and this is it for New York City,” U.S. Marshal Roland Ubaldo said.

Proceeds go to Madoff’s fraud victims.

  • Jose Nuni Alomar

    Like they say if it’s to real to be true don’t you think there is a risk in it. The rich just wanna get richer the easy way.

  • nudetrue

    Isn’t amazing that the creep wife and son were not charged with any wrong doing?
    Where the rest of the money was hidden?

  • DanTe

    Also, why can’t we sterilize Madoff’s entire stinking line of spawns? Do we really want to allow it to continue to infest the gene pool?

    • Georg Dudov

      Give it a rest. Madoff has comitted a very large fraud. The SEC did not do their job for a long time, otherwise this would have not been possible and now, he will spend the rest of his life in prison.
      Whats more – its over! Greed has ruled the motivation of the investors and now they have learned, that high returns bear high risks!
      As victims…… greed have made them victims – not Madoff!

  • DanTe

    Why don’t they auction off pieces of Madoff’s skin? We own it now. And sc\/ms like Madoff will finally have skin in the game.

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