The Atlantic Wire's Adam Clark Estes reports on an entrepreneur who is turning Madoff's trousers into iPad cases:

Have you always wanted an iPad case fashioned out of Bernie Madoff's old pants and sweaters? There is an entrepreneur for that. John Vacarro seized an opportunity to turn his luxury iPad case company into something a little more appealing to bankers last November. The New York Post reports:

Vaccaro's company, Frederick James, had already been making iPad covers out of cashmere, but when he heard about the Madoff auction last fall, the idea clicked. Spending "much more than I wanted to," he prevailed in bidding wars for all 16 pairs of Madoff's pants, which ranged from Polo Ralph Lauren and Murphy & Nye sailing pants to Banana Republic.

"First I searched all the pockets to see if there were any $100 bills inside," he said. "Then I found a designer who could make the cases from the cut-up clothing, which was tricky."

Read the full story at The Atlantic Wire.