By: Aseem Gaurav on August 12, 2011
The clothing used by Bernie Madoff, the famous Ponzi scheme operator, will now be refashioned into fashionable covers to store iPad. Disgraced financier Bernard Madoff operated the largest Ponzi scheme in history and after the fraud came into light, all his assets were auctioned including his designer clothing.
Fashion company Frederick James, obtained Madoff’s clothing at an auction held by the U.S. Marshals Service, and has created a collection called "The Bernie Madoff." The clothing brand is known to use luxury and vintage fabrics, such as cashmere, silk, rayon, organza and wool, to make iPad covers.
Frederick James - brainchild of US tech entrepreneur John Vaccaro – is now selling the iPad covers at $350 a piece and it can be obtained from the brand’s website.
The collection consists of 31 iPad covers made from Madoff’s pants from brands like Ralph Lauren, Banana Republic and J.Crew.
Vaccaro said there are a lot of buyers in the market who want to own a piece of history, even the worst kind.
Frederick James also states that such a cover is not intended to be protective so should you drop your iPad then you know what is going to happen to it.
In June 2009, Madoff was sentenced to 150 years in prison, after he admitted to being the mastermind of the Ponzi scheme. Authorities believe that the scheme may have robbed investors billions of dollars as the US SEC did not discover the fraud despite many apparent opportunities and complaints.
The clothing used by Bernie Madoff, the famous Ponzi scheme operator, will now be refashioned into fashionable covers to store iPad. Disgraced financier Bernard Madoff operated the largest Ponzi scheme in history and after the fraud came into light, all his assets were auctioned including his designer clothing.
Fashion company Frederick James, obtained Madoff’s clothing at an auction held by the U.S. Marshals Service, and has created a collection called "The Bernie Madoff." The clothing brand is known to use luxury and vintage fabrics, such as cashmere, silk, rayon, organza and wool, to make iPad covers.
Frederick James - brainchild of US tech entrepreneur John Vaccaro – is now selling the iPad covers at $350 a piece and it can be obtained from the brand’s website.
The collection consists of 31 iPad covers made from Madoff’s pants from brands like Ralph Lauren, Banana Republic and J.Crew.
Vaccaro said there are a lot of buyers in the market who want to own a piece of history, even the worst kind.
In June 2009, Madoff was sentenced to 150 years in prison, after he admitted to being the mastermind of the Ponzi scheme. Authorities believe that the scheme may have robbed investors billions of dollars as the US SEC did not discover the fraud despite many apparent opportunities and complaints.
