Thursday, October 21, 2010

Bernie's Slippers


From: D___ A____ 
Sent: Wednesday, October 20, 2010 12:47 PM 
To: D_____G______ 
Subject: More Bernard Madoff property going up for auction - USATODAY.com

“Looks like those slippers are your size. You should bid. :-)”

My best childhood buddy DCA…always looking out for me. Bernie’s slips are a half size too big for me but I couldn’t have those devil shoddings in my house anyway. But word out is that AllieVonSummersBelgie sent a letter to Ruth Madoff, axking her what size Belgians she wore. Maybe there'll be a pair of Belgians in the auction as well. And "Butner, North Carolina" ...what an aptly named place for Bernie to spend the next 150 years. Trust me when I tell you that I wear sissy shoes with aplomb. But I also know that you don't wear a home jersey to an away game. And seems to me like Butner might be a place where an ass whuppin' may result if you roll in hot, sporting a pair of slips.

Here’s the USA Today story…

More Bernard Madoff property going up for auction

By Kevin McCoy, USA TODAY

NEW YORK — Bidders at a federal auction next month will have a chance to walk in the figurative footsteps of convicted Ponzi schemer Bernard Madoff.

A size 81/2 pair of black, velveteen slippers, with red quilted lining and Madoff's initials embroidered in gold thread, is scheduled to be among more than 400 pieces for sale during the latest in a series of auctions aimed at compensating the thousands of victims of Madoff's multibillion-dollar scam.

Other items going on the block during the Nov. 13 auction at the Sheraton New York Hotel & Towers include a Steinway & Sons grand piano and bench, a woman's engagement ring featuring a 10.54-carat emerald-cut diamond and an antique wooden desk.

And no Madoff auction would be complete without a miniature bronze rendering of the fallen financier's favorite symbol — a bull.

"These pieces are the last of what once occupied the homes and lives of Bernard and Ruth Madoff" at the couple's former Manhattan luxury apartment and onetime Montauk, N.Y., oceanfront home, said Joseph Guccione, the U.S. Marshal for the Southern District of New York.

A November 2009 auction of hundreds of other personal items — including a New York Mets baseball jacket with Madoff's name stitched on the back, jewelry, watches, golf clubs and fishing gear — raised roughly $1 million.

A  separate auction of the fallen financier's former minifleets of yachts and luxury cars fetched an additional $1 million. Sales of the Manhattan and Montauk homes, plus Madoff's former Palm Beach, Fla., mansion, are projected to bring in more than $23 million.

While federal officials welcome the combined sales revenue, the total represents a fraction of what Madoff stole by victimizing charities, celebrities and average investors worldwide. As of Oct. 15, the court-appointed trustee seeking Madoff's assets had allowed nearly $5.7 billion in claims filed by thousands of those victimized by the disgraced former Nasdaq chairman.

Madoff won't be around to observe the upcoming auction in person. He's serving a 150-year prison term at a medium-security federal correctional facility in Butner, N.C., after pleading guilty last year.

Onward. With all the damn slippers I need.
ADG, II

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