Corporate cash-hoarding continues
Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports. Read more at Counterparties
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more
Sponsored Links
Madoff's underwear fetch $200 at Florida auction
1 of 2. Tote bags, oil paintings and vases formerly owned by convicted Ponzi schemer Bernard Madoff are seen in a storage room at the Miami Beach Convension Center awaiting auction by the U.S. Marshals Service in Miami Beach, Florida June 4, 2011.
Credit: Reuters/Hans Deryk
MIAMI |
MIAMI (Reuters) - Underpants belonging to Wall Street swindler Bernard Madoff were among items sold during the weekend at an auction held under the auspices of the U.S. Marshals Service.
The Miami Herald said the 14 pairs of boxer shorts, confiscated along with other personal items from Madoff's former mansion in nearby Palm Beach, fetched a total of $200.
The items sold were mostly household goods but a Madoff shoe collection, antique golf clubs and some artwork also were included.
A work titled "Nude" by Depression-era photographer Edward Weston, a picture of a stark naked rear end, sold for $4,600, the newspaper said.
It said about 6,000 online bidders participated in the auction and more than $400,000 in proceeds will go toward compensating victims of Madoff's $65 billion Ponzi scheme, for which he is now serving a 150-year prison sentence.
(Reporting by Tom Brown; Editing by Bill Trott)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters