NEW YORK: A diamond engagement ring that belonged to the wife of Bernie Madoff fetched $550,000 at an auction, while a pair of black velveteen slippers embroidered with the convicted swindler's initials went for $6,000, US marshals said.
The auction of jewelry, furniture, antiques, clothing and other personal effects to help compensate Madoff's victims raised more than $2 million, the marshals said. Madoff pleaded guilty last year and was sentenced to 150 years in prison. Proceeds from the auction will go to the department of justice's asset forfeiture fund for victims of Madoff's Ponzi scheme.
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