New York entrepreneur John Vaccaro bought a bunch of Bernie Madoff’s expensive tailored clothing at the federal auction of Madoff’s property in November, 2010, and has resewn them into iPad covers, which he is selling (at rather luxurious prices) through his recently-launched clothing label Frederick James. Vaccaro has estimated that he has enough material to make 31 covers. Perhaps when that runs out, he can start making them from Madoff’s new clothes. Personally I prefer bright orange canvas to dull gray cashmere, anyway. [via CNN]