US: Bernie Madoff's wine collection to be auctioned off to raise funds for Ponzi scheme victims
US: Bernie Madoff's wine collection to be auctioned off to raise funds for Ponzi scheme victims
May 16, 2011 6
While the disgraced American financier Bernard Madoff languishes in Butner Medium jail, North Carolina, authorities have announced they will be auctioning off his extensive wine and spirits collection.
The 73-year-old, who is serving a 150-year sentence for his Ponzi scheme, will not see a penny from the sales of his Château Lafite-Rothschilds or Château Pétruses.
Madoff's alcohol collection is set to be sold on an auction online tomorrow - and the money gained from the sales will be re-distributed to the many victims who were conned in the $18bn scam.
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