Feds Seize Madoff's Boats

Yacht, motorboat part of his $823M fortune
By Ambreen Ali,  Newser Staff
Posted Apr 1, 2009 12:41 PM CDT
Feds Seize Madoff's Boats
"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)

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. (More Bernard Madoff stories.)

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