Auction Of Property Seized From Madoffs

Diamond earring are displayed during a media preview for an auction which includes jewelry and other personal items belonging to Ruth and Bernard Madoff in New York, U.S., on Friday, Nov. 13, 2009. Madoff, 71, was sentenced in June to 150 years in prison for masterminding a Ponzi scheme that may have cost investors as much as $65 billion. Watches and other items from Madoff's penthouse apartment on Manhattan's Upper East Side and a Montauk, New York, beach house will be sold as part of the auction of property seized under the federal Asset Forfeiture Program, according to U.S. Deputy Marshal Roland Ubaldo. Photographer: Daniel Acker/Bloomberg via Getty Images