A New York man said his iPad cases, made from clothes once belonging to fraudster Bernie Madoff, have been receiving a lot of interest from Wall Street.

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John Vaccaro said he purchased the Ponzi schemer's clothes at an auction and used the items to create iPad cases, which his company, Frederick James, sells for $500 apiece, the New York Post reported Wednesday.

Vaccaro said the first five Madoff cases, made from a Christian Dior sweater and a Bergdorf Goodman cardigan, "sold almost instantly, just by word of mouth."

"A Wall Street lawyer wanted to give them as Christmas presents," he said.

"I've made 31 so far, and only have a few pairs of pants, sweaters and sweatshirts left," Vaccaro said of the cases.

He said he has some ideas about why there has been so much interest in the Madoff iPad cases.

"People want these because he's somebody who did something bad," Vaccaro said. "Given the economic situation of the past week, I think there's an interest in the financial sector in Madoff that there might not be for other celebrities."