Madoff associate’s belongings head for auction in effort to pay back swindled investors
By APThursday, June 24, 2010
Madoff associate’s belongings on auction block
MORRIS PLAINS, N.J. — Collectors and curiosity-seekers looking for a glimpse into the lifestyle of one of Bernard Madoff’s closest associates will have their chance this week.
The U.S. Marshals Service is auctioning off items from the New Jersey home of former Madoff finance chief Frank DiPascali. The items for sale include art, gold-toned furniture, arcade games and exercise equipment.
A public viewing is scheduled for Thursday in Morris Plains. The auction is Friday.
DiPascali was released on bail this week as he awaits sentencing for money laundering, securities fraud and other crimes.
Federal prosecutors say DiPascali provided valuable information that helped them arrest two computer programmers for Madoff’s firm as well as a longtime auditor.
