Thousands of miles from former Wall Street big-timer Bernie Madoff’s new home in the Butler Federal Correctional Complex in Butler, N.C., the U.S. Marshals Service is set to sell all of Madoff’s personal possessions.
From jewelry to statues to clothing with his initials sewn in gold, officials seized everything they could after judge convicted and sentenced Madoff to 150 years in prison.
As the New York aspect comes to an end on Saturday, Supervisory Deputy of U.S. Marshals in New York Roland Ubaldo said the Madoff case is not closed yet.
“This auction Saturday will be a chapter closed in the New York City and Montauk beach houses, but we still have a job and that’s to continue with the disposition of assets down in Florida and the disposition of every remaining asset,” Ubaldo said. “And again, we keep that goal in mind–the restitution to the victims. We’re trying to get fair market value for these items and more to give back to the victims.”