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Page last updated at 14:15 GMT, Sunday, 15 November 2009

Madoff auction raises $1m

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Items belonging to the disgraced financier, Bernard Madoff, have fetched around $1m at an auction in New York, twice as much as had been hoped for.

The belongings included several gold watches, a set of golf clubs and even a bowl to feed the family dog. The US Marshals Service will use the proceeds to pay some money back to the victims of his multi-billion dollar fraud.

Greg Wood reports.

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