Friday, February 05, 2016

U.S. Marshals Selling Madoff Jewelry



Washington – The U.S. Marshals are selling six pieces of jewelry that formerly belonged to Bernard and Ruth Madoff in an online auction at www.txauction.com.

The auction for the six pieces, a diamond tennis bracelet, gold money clip, antique necklace and brooch, and two Patek Philippe watches, runs through Feb. 16.

The pieces were discovered in 2014 and ordered to be sold by the U.S. District Court for the Southern District of New York last month.

The Marshals have sold thousands of Madoff assets, including real property, boats, vehicles, jewelry and household items. Net proceeds from the sale will be made available to the court for restitution to the victims in this case.

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