The AP reports that hundreds of Bernard Madoff’s personal items are going up for auction at the Sheraton New York Hotel, courtesy of the U.S. Marshals Service. Madoff is just beginning his 150-year prison sentence for ripping off investors in the biggest Ponzi scheme ever.

Snatch up those limited-edition monogrammed velveteen slippers before they’re gone! Also available: a 10.5 carat diamond ring owned by Bernie’s wife, Ruth, and a “like-new” Steinway piano. (Thanks, msnbc.com)

Tags: Madoff, news, velveteen slippers