Madoff Employee's Property Up for Grabs

By Maria Eugenia Miranda
|  Tuesday, Jun 22, 2010  |  Updated 6:01 PM EDT
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Madoff Accomplice's Property For Sale

Frank DiPascali admitted customer cash went into account controlled by Madoff.

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Madoff Accomplice's Property For Sale

On Friday the U.S. Marshals Service will auction off property Frank DiPascali forfeited to the U.S. Department of Justice. Here's a preview.
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A Madoff employee's property will soon be for sale to the highest bidder.

Starting at 11 a.m., items forfeited by Frank DiPascali will be auctioned off at the Morris County Public Safety Training Academy in New Jersey on June 25.

“All of these assets were seized by the U.S. Marshals Service in New Jersey. All proceeds will go to the Department of Justice Fund to benefit Madoff’s victims,” said James Plousis, U.S. Marshal for the District of New Jersey, in a statement.

DiPascali's case is being handled by the U.S. Attorney's Office for the Southern District of New York.

The Department of Justice’s Asset Forfeiture Program currently deals with about 18,000 assets worth more than $1.98 billion.
 


 

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