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Updated: 10:27 PM May 21, 2009
Madoff Auction Benefits Victims of Ponzi Scheme
Some of Bernie Madoff's favorite things go up on the auction block to benefit the victims of his ponzi scheme. Posted: 10:27 PM May 21, 2009Reporter: News Email Address: news@wctv.tv |
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Some Bernie Madoff's most prized possessions went on the auction block Wednesday in Florida, and all for a good cause.
The estate auction was held at the Kodner Galleries in Dania Beach, and featured jewelry, silver, antiques and artwork from Picasso and Marc Chagall.
The money raised from the auction will go to benefit victims of the hedge fund scandal.
Madoff confessed to a massive fraud scheme that cost investors at least 50-billion dollars, according to federal authorities.
Officials say this may be the largest fraud ever blamed on a single individual.
Latest Comments
Posted by: citizen
Location: leon
on May 22, 2009 at 06:14 AM
who needs 50 billion dollars? put him in a nut house for the rest of his life
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