Ponzi

Bernie Madoff Belongings Auctioned -- Would You Wear His Underpants?


Posted on Jun 05, 2011 @ 11:31AM - Add a comment

by Radar Staff

The U.S. Marshals Service staged an auction in Miami Saturday, selling off thousands of Bernie Madoff's personal belongings. Even the confessed swindler's underwear was up for grabs!

Yes, someone successfully bid $200 for 14 pairs of Bernie's boxers.

The U.S. Marshals Service staged an auction in Miami Saturday, selling off thousands of Bernie Madoff's personal belongings. Even the confessed swindler's underwear was up for grabs!

Yes, someone successfully bid $200 for 14 pairs of Bernie's boxers.

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Proceeds from the auction will go towards restitution to the thousands of victims -- Kevin Bacon and Kyra Sedgwich are among them -- of Madoff's $65 billion Ponzi scheme.

With Madoff in a federal prison, hundreds gathered at the Miami Beach Convention Center for the auction.  There was fierce bidding for a pair of leather chairs that went for $5,000, and a tin sculpture of a bull that also went for $5,000.  A collection of hardback books fetched $1,500.

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In all, the auction took in about $400,000

 

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Kevin Bacon Admits Bernie Madoff Rip-Off Had ‘It’s Emotional Downsides’


Posted on May 31, 2011 @ 02:20PM - 1 comment

By Radar Staff

Kevin Bacon and his wife Kyra Sedgwick were among the many victims of the $50 billion Ponzi scheme run by disgraced investor Bernard Madoff.

The actor, who was reportedly taken to the cleaners by the now jailed swindler, is speaking out about the scandal, telling the new issue of Details Magazine “I'm not going to say it didn't have its emotional downsides.”

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Bacon manages to see the bright side though, going on to say: “But [Kyra and I] are both young, and we both had the ability to work and roll up our sleeves and start putting the pieces back together. The truth is that we went through it together.”

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Report: Bernie Madoff Beaten In Prison


Posted on Dec 24, 2009 @ 09:15AM - 16 comments
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There must be some angry investors behind bars.

Bernie Madoff, the financier who stole billions of dollars from individuals and charities, got a dose of karma behind bars and was beaten so severely he suffered facial fractures, broken ribs and a collapsed lung, according to ABC 11 in Durham, N.C.

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Madoff was rushed to Duke University Medical Center in Durham last Friday and released two days later.

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