Madoff's Crap Sold Off in "Garage Sale" Victim Benefit

Tuesday, November 10, 2009 , 2 Comments

First it was the Madoff investors (Palm Beach Post):

It's Saturday bargain shopping in West Palm Beach, where the buyers are finding that everything must go - even if it's at the expense of their neighbors.

There's nothing new about Kofski Antique's estate sale, a seasonal staple of furniture and other household goods from Palm Beach estates.

The difference on Saturday, however, was that the bulk of the material came from victims of the economic crisis forced to sell their prized items, rather than the usual wealthy children looking to downsize their deceased parent's estates.

About 60 percent of the items on Saturday - which included everything from a $2,750 set of silverware, a $750 candelabra and a $90 set of classic Hardy Boys books - came from the once-wealthy, while 40 percent of those materials were directly from victims of the Bernie Madoff Ponzi scheme.

A custom-made couch that originally cost $16,500 was being sold for $1,850, while a French glass Adam and Eve sculpture went for just under $3,000.

Now it's Madoff's turn to part with the loot:

Bernard Madoff's watches, his personalized Mets jacket and Post-it notes will go on the auction block this weekend in a government-run garage sale designed to raise at least $500,000 for the victims of his Ponzi scheme.

The trove of jewelry, furs and sports memorabilia seized by the U.S. Marshals from the imprisoned Ponzi-scheme operator's Manhattan penthouse and Montauk, N.Y., beach home offers a peek at the lifestyle of Mr. Madoff and his wife, Ruth. Proceeds from the sale of the roughly 200 items will go toward compensating victims.

Well that's what he gets for being a Mets fan, isn't it?

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


Anonymous said...

Mets are pond scum (popular phrase in St. Louis from the 1980's rivalry). If the high bidder were a Cards fan from St. Louis, they'd likely cut it into small pieces and then use it for toilet paper.


wcv said...

I was going to bid on the Mets jacket but they wanted to charge Calif sales tax.

I'm not giving Arnie another fucking dime.