If disgraced financier Bernie Madoff stole the shirt off your back, you may derive a sense of schadenfreude from sticking your iPad down his pants, which were auctioned off with the rest of his personal property in November. Refashioned into iPad cases by John Vaccaro of Frederick James, Madoff’s shanghaied slacks are an unorthodox memento from one of Wall Street’s darkest days. “There are a lot of collectors out there who would like to own a quirky piece of history, even the worst kind,” says Vaccaro in a press release. “I would have been first in line to own a piece from the Dillinger and Bonnie and Clyde era.”

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FELON CHIC

Vaccaro snapped up all 16 pairs of Madoff’s trousers, which included offerings from Ralph Lauren, Banana Republic, Murphy & Nye, and J.Crew, then hired a designer cut and sew them into iPad covers. An initial lot of five cases, made from a navy blue Christian Dior sweater and a Bergdorf Goodman cardigan “sold almost instantly, just by word of mouth,” Vaccaro says.

Despite the $350 price tag, they’re designed to prevent nicks and scratches, not from sudden drops or falls.

Don’t expect the lightweight sleeves to do much protecting, though. Despite the $350 price tag, they’re designed to prevent nicks and scratches, not from sudden drops or falls. In other words, much like get-rich schemes, caveat emptor: let the buyer beware.

+ The Bernie Madoff Collection

+ Frederick James