
Four boats seized by U.S. authorities from imprisoned swindler Bernard Madoff and his right-hand man, Frank DiPascali, sold for nearly $2 million at auction on Tuesday, the U.S. Marshals Service said.
Frank DiPascali, swindler Bernard Madoff's right-hand man who admitted helping his boss run a decades-long multibillion dollar fraud, was moved from a New York jail but he remains in custody, law enforcement sources said on Tuesday.
People came from near and far to bid on Bernie Madoff's things—and they paid a premium for a little piece of this dark chapter of US history. Ruth's baubles were some of the hottest items—several pairs of earnings went for $70,000 or more. One wooden duck decoy sold for nearly $5,000.
National Liquidators handled the successful sale of Bernard Madoff's three boats, a Mercedes convertible, and a fourth boat once owned by Madoff's right-hand man Frank DiPascali. All totaled, the auction raised more than $2 million for Madoff's victims.
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If it sounds too good to be true, it probably is. CNBC investigates the public unraveling of investment manager Bernie Madoff's alleged multi-billion dollar "ponzi scheme."
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The scams and schemes. Some people will do anything for money. American Greed examines the dark side of the American Dream.
