Published On: Wed, Feb 3rd, 2016

Diamonds and Gold: Bernie Madoff Jewelry Goes Up for Auction

A platinum necklace, a diamond tennis bracelet and a solid GOLD paper clip: Six pieces of Bernie Madoff's jewelry go to auction for more than $90, 000 to help pay back the billions he stole

 

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Six dazzling pieces of jewelry that once belonged to notorious Ponzi schemer Bernard Madoff and his wife Ruth are going up for auction, the U.S. Marshals Service said.

Madoff pleaded guilty in 2009 to masterminding a decades-long fraud at his firm that cost investors an estimated $17 billion in lost principal. The scheme, in which Madoff used money from some investors to pay profits to others, went undetected for decades.

Total prices for the jewels start at over $90, 000.

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The pieces, available at an online auction hosted from Texas, include a bracelet studded with more than 650 diamonds starting at over $21, 000, an emerald necklace starting at $15, 300, a leaf brooch with nearly 100 diamonds starting at $11, 050, two sleek, gold watches each starting at more than $21, 000 and a gold money clip in the shape of a paperclip starting at $380, according to the auction website.

 

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Since his arrest, the US Marshals have seized the Madoff’s $7 million yacht and four multi-million-pound homes – in Manhattan, Long Island, the Cote d’Azur and Palm Beach, Florida – all auctioned off to compensate victims.

Check out the pieces of jewelry said to be up for auction below and click HERE for more information on the event. 

 

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