Auction proceeds will go toward the prosecution of Bernie Casey 's Ponzi scheme . Items from the Madoffs ' residences in New York and Florida were auctioned . Madoff , the mastermind of an estimated $ 50 billion Ponzi scheme , pleaded guilty in March 2009 to 11 felony charges , including money laundering , perjury , false filings with the SEC and fraud . Bloomberg stated : More than $ 100 million in assets have been seized from the Madoffs .
Auction proceeds will go toward the prosecution of Bernie Casey 's Ponzi scheme . Items from the Madoffs ' residences in New York and Florida were auctioned . Bloomberg stated : More than $ 100 million in assets have been seized from the Madoffs .