For sale on eBay: Madoff memorabilia
NEW YORK - Did you get fleeced by Bernard Madoff? Or did you buy that Madoff Securities fleece jacket on eBay?
Madoff, arrested last month after allegedly telling investigators he lost as much as $50 billion of investors' money in a giant Ponzi scheme, promoted his firm by putting its name on everything from T-shirts to umbrellas. Dozens of the keepsakes are now being sold on eBay.
Some sellers say they're former clients and employees.
Madoff items for sale on eBay include insulated coolers, binoculars, golf caps, and flashlights. Several eBay postings are prodding buyers to "own a piece of history."
The Madoff name wasn't fetching top dollar, though: Bidding for many items didn't rise above $50.
Up for bid was a photocopy of a financial statement Madoff put out for a client, postmarked Dec. 3, a week before his Dec. 11 arrest. The seller, from Glen Cove, N.Y., said the actual document may be put up for sale later.
Eleven bidders were hoping to take home a fleece jacket, size L, yesterday; the highest bidder had offered $147.59.
A seller put a Madoff Securities promotional backpack up for sale, writing, "These are the same ones that Bernie used to haul off all the loot!"