Former Madoff Employee's Property For Sale

Thursday, June 24, 2010

Property from the Morris Plains, New Jersey home of Frank DiPascali, Bernard Madoff's former finance chief, will be auctioned off on Friday, the same week DiPascali was released on $10 million bail.

DiPascali's property, including works of art and furniture, will be sold by the U.S. Marshals Service, under the Justice Department's Asset Forfeiture Program, according to the Associated Press. Members of the public are free to take a look today, and welcome to bid on various items on Friday, according to the AP. 

DiPascali pleaded guilty last year to charges of aiding Madoff in perpetrating the world's largest Ponzi scheme to date. He was released on bail on Tuesday, and will remain under house arrest until his sentencing.


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