Skip to comments.Madoff's Diamond Ring, Grand Piano to Be Auctioned
Posted on 10/20/2010 4:03:13 PM PDT by GOP_Lady
More than 400 pieces of personal property from Bernard Madoff and Ruth Madoff, including a diamond engagement ring and a Steinway grand piano, will be sold during a live and online auction in New York next month by the U.S. Marshals Service.
The property was forfeited and seized in connection with the criminal prosecution of Bernard Madoff. The proceeds from the auction will be used to compensate the victims of his multibillion-dollar Ponzi scheme.
(Excerpt) Read more at online.wsj.com ...
To be added or removed from the
"The Wall Street Journal" Ping List,
That is one beautiful ring. The clarity of the stones is amazing.
It sure is!
Could they possibly bounce the Steinway off his head before selling it off?
Mrs. Leverlilly: "But that's a priceless Steinway!"
Inspector Clouseau: "Not anymore."
What will the Fed. tax rate be on the “Income” of those receiving funds from the sales?
What percent will the Fed. keep as a handling charge?
Got to get the loop on it.. Would not surprise me if it is a VVS1 color F
“Among the jewels is a 10.54 cts. t.w. emerald-cut diamondVS2 in clarity and F in colorcenter stone in a handmade platinum mounting with two baguette diamonds with a total weight of .90 cts. flanking each side. The center stone bears the certificate No. 8376741 from the Gemological Institute of America.”
See directly above, celtic gal!
What a gorgeous ring.
I would love to see it in person.
Sure, he's a bad apple but who did more damage (for example) to the nation - Madoff or the folks at Moody's who rated all those junk mortgage-backed securities and other derivatives as triple-A?
FYI..and check out the pic of the ring..BTW..anything in the NY papers about what Ruth’s up to these days?
ABC NEWS Ruth Madoff has been out on the town in New York City this summer, sporting newly dyed red hair and offering no apologies for the thousands of victims in her husband’s multi-billion dollar Ponzi scheme. “Oh my God,” Ruth said when she was approached by ABC News as she left an outdoor café in midtown New York. She said nothing when asked if she had anything to say to her husband’s victims, none of whom will ever recover all the money they lost.
VIDEO at abcnews.go.com
Thanks for the info, and the link...I like the red hair
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.