eBay drops Woodbury woman's Madoff memorabilia

advertisement | advertise on newsday

A Woodbury woman Tuesday added a unique item to the plethora of Bernard Madoff paraphernalia for sale on e-Bay: one of the last investment statements she received from the disgraced money manager in late fall, before he was arrested in December on a securities fraud charge.

But it wasn't on the popular Web site for very long; it was taken down Wednesday by eBay, which said its contents violated company policy.

Jan Sprung, who said she and her family lost at least $3 million in Madoff's alleged $50-billion Ponzi scheme, posted the investment statement on eBay yesterday, asking $1,000 from potential bidders in hopes of recouping at least a little of the money.

"People always want a piece of history," said Sprung, 54, who has a real estate license and has worked in the beauty and fashion industries. Sprung said her family was among the original group of Madoff investors, going back to the 1960s.

"We thought of Madoff as our financial god," Sprung said. "We were of the mindset that you didn't call them unless you really had an important question" or a request for a check. "They had this mystique that they were always busy."

advertisement | advertise on newsday

D.J. Mionis, an administrative assistant at Huntington-based Good Harvest Financial Group, which maintains a Web site (madoff-help.com) to keep investors and others informed of news about the former financier, said Madoff T-shirts, caps, bobblehead dolls and other items are on sale. "There's really a market for these things," Mionis said.

But e-Bay spokeswoman Karen Bard wrote in an e-mail that the listing was removed because it "appears to contain personal information in violation of our mailing lists/personal information policy, and additionally in light of the pending indictment against Mr. Madoff we will not allow any documents that could potentially be considered evidence to be sold on eBay."

The best of Newsday every day in your inbox. Get the Newsday Now newsletter!

Comments

Newsday.com now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

You also may be interested in: