Clothes belonging to convicted Ponzi fraudster Bernie Madoff are being made into iPad covers, news reports have claimed.
John Vaccaro, a technology entrepreneur, has set up new company Frederick James and is selling the iPad accessories for $500 per item.
He purchased the clothing at an auction of Madoff’s possessions held to raise money to give back to victims of the $64 billion Ponzi scheme.
The first iPad covers are thought to have been made from clothes including a cardigan, a Christian Dior sweater and Ralph Lauren underwear.
Mr Vaccaro told the New York Post: “People want these because he's somebody who did something bad.
"Given the economic situation of the past week, I think there's an interest in the financial sector in Madoff that there might not be for other celebrities."
The business man is looking to make a donation from the profits to Madoff’s victims once he has recouped costs on his initial investment.
Madoff is currently serving a 150-year prison sentence for his leading role in the fraud.
By Jim Ottewill
John Vaccaro, a technology entrepreneur, has set up new company Frederick James and is selling the iPad accessories for $500 per item.
He purchased the clothing at an auction of Madoff’s possessions held to raise money to give back to victims of the $64 billion Ponzi scheme.
The first iPad covers are thought to have been made from clothes including a cardigan, a Christian Dior sweater and Ralph Lauren underwear.
Mr Vaccaro told the New York Post: “People want these because he's somebody who did something bad.
"Given the economic situation of the past week, I think there's an interest in the financial sector in Madoff that there might not be for other celebrities."
The business man is looking to make a donation from the profits to Madoff’s victims once he has recouped costs on his initial investment.
Madoff is currently serving a 150-year prison sentence for his leading role in the fraud.
By Jim Ottewill
Become a bobsguide member to access the following
1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development
