Engagement Ring of Ponzi Schemer Madoff Sold on Auction Block

Bernard Madoff's once lavish lifestyle has been selling off at auction at the Sheraton New York Hotel and Towers.  Reported sales estimated at $2 million dollars including luxury items such as paintings, a grand piano, designer clothes and personalized slippers. The most significant item on the block was the 10.54 Carat emerald cut engagement ring once owned by Madoff and his wife Ruth. The anonymous bidder paid $550,000

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