Business

Madoff's personal effects up for auction

Tuesday, November 10, 2009

The U.S. Marshals service wants to auction hundreds of pieces of jewelry, clothing and other personal effects once owned by disgraced financier and vanquished Mets fan Bernard Madoff and his wife, Ruth.

The items range from a New York Mets baseball jacket to a Rolex worth up to $87,500. The auction, which will raise money for Madoff's victims, will be Saturday at a midtown Manhattan hotel.

The 71-year-old Madoff was sentenced in June to 150 years in prison for orchestrating a massive Ponzi scheme that spanned decades. His punishment included a forfeiture order that stripped the Madoffs of nearly all their wealth.

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(Copyright ©2009 by The Associated Press. All Rights Reserved.)

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