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CNN(CNN) -- The last of Bernie Madoff's ill-gotten gains that remain in the hands of the U.S. Marshals Service will go on the auction block next week, authorities said Friday.
A diamond watch, platinum diamond rings and artwork belonging to Madoff and his wife, Ruth, will be up for grabs on June 4, the Marshals Service said.
Proceeds from the auction will go into a U.S. Department of Justice fund and be used to compensate the victims of Madoff's Ponzi scheme, described by authorities as the largest in history. He cheated thousands of people out of billions of dollars.
Auctioneers in Miami will sell off 276 lots of property taken from the Madoff residences in New York and Palm Beach, Florida, the Marshals Service said. The auction will also be simulcast online, authorities said.
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http://www.cnn.com/2011/CRIME/05/27/florida.madoffs.auction/index.html