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114 CEEFAX1 Fri 3 Feb CEEFAX.TV
Bernie Madoff auction raises $1m
An auction of items belonging to
disgraced Wall Street financier Bernie
Madoff has raised nearly $1m (£600,000)
- twice as much as auctioneers hoped.
Some items, including his Mets baseball
jacket and his wife's diamond earrings,
fetched over 20 times their estimated
value at the auction in New York.
The proceeds will go to the fraudster's
many victims, but it represents a mere
fraction of estimated $21bn he stole.
Madoff is serving a 150-year sentence
for a multi-billion dollar fraud.
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