Madoff’s used Mercedes Benz wagon in New Jersey auctioned off

The U.S. Marshals sold a used Mercedes Benz in New Jersey on October 23 that had last been owned by convicted Ponzi schemer Bernie Madoff as part of a plan to liquidate all of his assets to help pay restitution for his victims.

Held in East Brunswick, the auction for the black 2001 Mercedes Benz E320 wagon is “just the beginning, and not the end, of the liquidation of Madoff properties,” said James Plousis, U.S. Marshal for New Jersey, according to a Star-Ledger report. Other scammers like Samuel Israel also had their vehicles prepared for auction today.

While the stigma surrounding by the financiers may have limited interest from some in these auctions, a used Mercedes Benz wagon in New Jersey could be a worthwhile addition for some buyers.

The 2004 E-class includes a hydraulically controlled loading tray for heavier items going in the trunk, and a redesign from the year before means “the E-Class lost most of the heavy feel that was unpleasantly noticeable on previous models,” according to Cars.com.