Madoff's underpants headed for auction

NEW YORK, Nov. 11 (UPI) -- The U.S. Marshals Service said Bernie Madoff items headed for auction in New York include a $300,000 diamond ring and the Ponzi scheme fraudster's boxer shorts.

The Marshals Service, which is handling the sale of Madoff's possessions to benefit the victims of the fraud, said the Saturday auction will feature the $300,000 diamond engagement ring the jailed Madoff gave his wife, Ruth, as well as 109 used pairs of socks and 11 pairs of unused boxer shorts, the New York Post reported Thursday.

The sale will also include 138 pairs of new socks, a pair of black silk Armani pants and a pair of brand new Prada pantyhose.