Madoff Employee Must Pay $170 Billion, Can Keep Stamps

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Madoff Employee Must Pay $170 Billion, Can Keep Stamps
A stainless steel Rolex Oyster Chronograph Antimagnetic watch is displayed during the auction of personal property that once belonged to Bernard and Ruth Madoff.
Photographer: Jonathan Fickies/Bloomberg

The first employee hired by Bernard Madoff has agreed he owes the government a Rolex watch, a painting by the comedian Red Skelton and $170 billion cash.

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