Photographs: Shannon Stapleton/Reuters.
He was arrested for orchestrating a $65 billion Ponzi Scheme, the biggest fraud in US history.
He fleeced more than 14,000 investors, many of them lost their life savings. Two notable victims were filmmaker Steven Spielberg and actor Kevin Bacon.
Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960. He was its chairman until his arrest.
So far $1.5bn has been recovered for the victims of this fraud. More of his valuables will be auctioned to raise more funds.
Click NEXT to check out Madoff's expensive assets bought with poor investors' money...
He cheated others and made billions!
Image: A figurine of a bull belonging to Bernard Madoff.Photographs: Jessica Rinaldi/Reuters.
The property was forfeited and seized in connection with the criminal prosecution of Madoff by the United States Attorney's Office and the proceeds from the auction will be deposited in the United States Department of Justice Asset Forfeiture Fund to compensate the victims of the multi-billion dollar scam.
He cheated others and made billions!
Image: A pair of shoes belonging to Bernard Madoff.Photographs: Reuters.
Madoff was obsessed about shoes. He had over 250 pairs of shoes, some of which were never worn.
He cheated others and made billions!
Image: A ten carat diamond ring belonging to Bernard Madoff.Photographs: Jessica Rinaldi/Reuters.
He cheated others and made billions!
Image: A pair of fur mittens belonging to Bernard Madoff's wife, Ruth.
He cheated others and made billions!
Image: A book titled, Eat More, Weigh Less belonging to Bernard Madoff.Photographs: Jessica Rinaldi/Reuters.
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He cheated others and made billions!
Image: A Rolex watch owned by Bernard Madoff.Photographs: Shannon Stapleton/Reuters.
He cheated others and made billions!
Image: A Viking Sports fish yacht.
He cheated others and made billions!
Image: A pair of boxer shorts belonging to Bernard Madoff ....
He cheated others and made billions!
Image: Personal property of Bernard and Ruth Madoff.Photographs: Shannon Stapleton/Reuters.
He cheated others and made billions!
Image: Ruth's Madoff's jewellery.Photographs: Shannon Stapleton/Reuters.
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He cheated others and made billions!
Image: Personal property of Bernard and Ruth Madoff.
He cheated others and made billions!
Image: The living room of Madoff's apartment.The New York City penthouse where Madoff spent his last few days of freedom with his wife Ruth was sold.
He cheated others and made billions!
Image: A vintage fighting chair aboard the Rybovich M/V.
He cheated others and made billions!
Image: A Bernie Madoff action figure.Photographs: Shannon Stapleton/Reuters.
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