Want a piece of Madoff?
Heres my top story of the day. Bernie Madoff – the mastermind behind the largest scam in US history, stole nearly $65 billion from unsuspecting and hard-working people. Now that hes behind bars, it’s no surprise that the victims want their money back, and they’ll take it any way possible. That being said, an auction has started in the US selling off Madoffs “luxury” items to help raise funds to repay those at loss.
So far a few items have sold for more than expected, with boats going for a cool $1 million a piece and a custom-made jacket for $14,000, 20X the predicted sale price. This may seem like a smart way to gain some of the funds back, but how many boats, jewels, and cars need to be sold to make up for the total $65 billion? The chart below puts it in perspective and gives a clear picture of just how much money this SOB stole. (pardon my French, but what else do you call such a human?)
-Bilal Asgher
Click on the image to view a larger version
How much would need to be sold to pay all the victims back?
Madoff is currently serving a 150 year sentence. Details of his prison life were made public last month when it was revealed he shares his cell with a 21-year-old convicted drug offender, and “eats pizza cooked by an inmate convicted of child molestation.”
Take a look at the auction:
