Madoff jewelry being sold at auction

By FitzRoy

A Platinum and 14K yellow gold necklace set with a square cut emerald

Thomson Reuters

By Joseph Ax

NEW YORK (Reuters) – If Bernard Madoff’s massive Ponzi vo xoan dep hcm scheme proved one adage correct, it might be this: all that glitters is not gold.

His jewelry, however, is another matter.

The U.S. Marshals Service on Tuesday began auctioning off several high-priced pieces of jewelry seized from Madoff and his wife, Ruth, including a diamond tennis bracelet, a gold money clip and two Patek Philippe watches.

The proceeds from the auction, which ends on Feb. 19, will be added to a restitution fund for Madoff’s victims.