Category Archives: Bernie Madoff

Holiday special: Bernie’s slippers, Steinway and diamonds

For those looking for something weirdly different to put under the tree this Christmas, how about a pair of Bernie Madoff slippers. Or maybe you would prefer a 1917 grand piano once owned by the scam artist himself.

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Velveteen slippers, a Steinway and Sons piano and a 10.5 carat ladies diamond ring are among the Madoff stuff that will be sold by the U.S. Marshals Service next month. Proceeds go to his victims.

If you were holding out for one of Bernie’s homes, it’s too late. They’ve all been sold.

Here’s more on next month’s auction from the New York Post.

U.S. Marshall’s press release and photos

Photo: Associated Press

Bernie Madoff’s life behind bars and other Ponzi news

Fix some popcorn and call your accountant, tonight’s the premiere of CNBC’s “American Greed: Madoff Behind Bars”, an inside look at Bernie Madoff’s life behind bars. 

According to some reports Bernie is a celebrity among the inmate population, but he doesn’t much like life in the federal prison.

Well, darn, isn’t that a shame.

Show’s at 9 p.m. ET.

In other Ponzi news, here’s the latest on alleged investment scammers R. Allen Stanford and Nevin Shapiro.

Texas financier Sanford is accused of bilking investors out of $7 billion. Shaprio is the Florida businessman charged with scamming investors out of $880 million. Both are hefty sums, but they pale compared to the estimated $18 billion that Madoff’s investors lost.

Here’s an interesting Forbes story that looks at why Americans fall for Ponzi schemes.