The auction will begin with 345 lots of jewelry, watches, coins and currency and conclude with 275 lots from the Madoff residences in New York and Palm Beach, according to a statement today. Proceeds will go the U.S. Department of Justice and be used to compensate the conman’s investors. Recoveries from the Madoffs’ possessions to date are $23 million in property sales and $80 million in cash assets, the U.S. Marshals said.
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