Feds Seize Madoff's Boats

Yacht, motorboat part of his $823M fortune
By Ambreen Ali,  Newser User
Posted Apr 1, 2009 12:41 PM CDT
"Bull," a $7 million yacht owned by Ruth Madoff, is seen moored in Port of Gallice along Antibes harbor last December in Antibes, southeastern France.   (AP Photo)
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(Newser) – US Marshals seized two boats belonging to jailed schemer Bernie Madoff today, the AP reports. The vessels—a 55-foot yacht and a 24-foot motorboat that were docked at separate Florida marinas—were part of the $823 million in assets Madoff and his wife had accumulated by the end of last year. The 1969 Rybovich yacht, Bull, was "extremely well kept," a Marshals spokesman said. (Read more Bernard Madoff stories.)