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Spoils of Madoff's lavish life are auctioned

Those who wanted to walk in the shoes of fallen financier Bernard Madoff were in luck Saturday.

Thousands of belongings from his New York City penthouse were on the auction block, including used shoes. A Steinway grand piano from Madoff's living room went for $42,000 — six times the minimum estimate of $7,000. The buyer was an 81-year-old Long Island real estate executive.

The former Wall Street trader's leather bull foot stool — including a detached tail — fetched $3,300.

When Madoff was arrested two years ago, U.S. marshals seized everything he owned — including his worn socks and monogrammed new boxer shorts, also for sale.

Auction proceeds will go to more than 3,000 clients Madoff swindled in a multi-billion dollar Ponzi scheme. He's behind bars for life.


Snowstorm's toll: Two dead, 400 car crashes

Authorities said a heavy snowstorm caused a traffic collision in Wisconsin that killed two people and more than 400 minor crashes in Minnesota. Several inches of accumulation were reported in Wisconsin's Bayfield County Saturday when the two vehicles collided. Both drivers were killed and a passenger was hospitalized. Minnesota was socked, with some areas in the Twin Cities areas reporting 11 inches of snow. There were no fatalities or major injuries there, although the Minnesota State Patrol said 45 of the 401 crashes reported as of 4 p.m. involved minor injuries. Northern Wisconsin could see 4 to 6 inches today, while parts of Minnesota could get an inch or two.


Sheriff fires captain to whom he lost race

A North Carolina sheriff who lost a Democratic primary to his captain fired his subordinate after the captain won the general election. Cleveland County Sheriff Raymond Hamrick fired Capt. Alan Norman and three other deputies involved in the sheriff-elect's transition team, in part because they drove department cars to interview employees for the new administration. Hamrick told the Star of Shelby he was just enforcing department policy. Hamrick got just 2 percent of the vote in the primary that Norman won. Norman and the three deputies said they were shocked when they were fired Friday. Norman takes over as sheriff Dec. 6.


ERIE, Pa.: A mother, father and two of their children, ages 4 and 7, have been found shot to death in a home, police in western Pennsylvania said Saturday. Erie police Lt. Tom Eberlein said the case was being investigated as a possible murder-suicide.

HOBBS, N.M.: Archaeologists in New Mexico said they have discovered what they believe is a complete mammoth skeleton. Calvin Smith, executive director of the New Mexico Natural History Museum Foundation, said details of the "historic" find would be revealed in a few days.

CHICAGO: A woman was crushed and killed when an SUV crashed into her apartment early Saturday, according to police and the woman's boyfriend. A 17-year-old boy driving the vehicle was being questioned by detectives.

Times wires

Spoils of Madoff's lavish life are auctioned 11/13/10 [Last modified: Saturday, November 13, 2010 10:53pm]
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