I’M NOT VERY GOOD AT MATH, BUT DOES THIS SOUND ‘KOSHER’ TO YOU?

Personal property of Jewish financier Bernard Madoff were sold in an auction that raised more than $2 million to repay the victims of his multi-billion dollar Ponzi scheme.

Billions are missing or owed, $2 Million will repay?
Is there a new scheme in the making??


Auction of Madoff Family Possessions Brings in $2 Million for Victims

Personal property of Jewish financier Bernard Madoff were sold in an auction that raised more than $2 million to repay the victims of his multi-billion dollar Ponzi scheme.

The weekend auction in New York run by the U.S. Marshals Service raised money for the Department of Justice’s Asset Forfeiture Fund, whose proceeds are used to compensate Madoff’s victims.

Among the items sold was Madoff’s wife’s 10.5-carat diamond engagement ring, for $550,000, and a pair of slippers embroidered with Madoff’s initials, for $6,000, Reuters reported, Unused Madoff underwear was also sold, as well as a Rolex watch, furniture and antiques.

An auction of Madoff’s possessions last year raised $1 million.

Madoff, 73, was jailed last year after pleading guilty to running a multi-billion dollar Ponzi scheme that defrauded thousands and caused the collapse of several Jewish charities. He was sentenced to 150 years in prison.

 

Source

 

Image by Bendib

 

4 Comments

  1. robertsgt40 said,

    November 15, 2010 at 17:04

    The SEC was tipped off 10yrs before Bernie Made-off was busted. They did nothing. Bernie also used to run NASDAQ. Coincidence? Even corrupt casinos are shut down ocassionally. Bernie is the tip of the tip of the iceberg

  2. vic said,

    November 15, 2010 at 17:09

    anyone ever wonder where the money went. 50 billion dollars. can’t be that hard to trace. so what really happened.

  3. curious said,

    November 15, 2010 at 18:34

    65 billion at least. probably sent to israel.

  4. Alan said,

    November 15, 2010 at 21:59

    The BIG question that should be raised ALL THE TIME is….. Where is the 50 BILLION?

    You cannot hide 50Billion….. In which country is it stashed?


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