Madoff's slippers, piano to be auctioned in NYC

AP News
Posted: Oct 20, 2010 8:27 AM
Madoff's slippers, piano to be auctioned in NYC

More than 400 of Bernard Madoff's possessions are heading for the auction block in New York City.

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 the disgraced financier'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.

The Left-wing Paradise of San Francisco
Rachel Alexander

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.

(This version CORRECTS name of hotel to 'Sheraton New York Hotel & Towers' instead of 'Sheraton Hotel.' APNewsNow.)