Headlines

Bernie Madoff’s Diamond and Gold Jewelry Hits the Auction Block

Published

8 years ago

February 3, 2016

INSTORE Staff

Among the six items for sale is a gold piece in the shape of a paperclip.

The U.S. Marshals service is offering up to the highest bidder six pieces of jewelry that once belonged to infamous Ponzi schemer Bernie Madoff, ABC News reports. A diamond bracelet, a necklace, a pendant, two gold watches and another gold piece in the shape of a paperclip are the items that are now up for auction here on txauction.com, according to the article. The website says the auction will end on Feb. 16.

And in case you’re wondering where Madoff – whose $64 billion scheme is the largest financial crime in American history – is these days, he’s serving a 150-year sentence in a North Carolina federal prison, ABC said in a separate report. It cites his lawyer, who said that Madoff is “doing as well as can be expected” in spite of a heart issue and the fact that his wife stopped coming to see him years ago.

See the jewelry at ABC News

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”