Feds Seize Yet Another Madoff Boat

$430K Long Island vessel will be sold to aid victims
By Matt Cantor,  Newser User
Posted Apr 3, 2009 6:44 AM CDT
"Bull," a $7 million yacht owned by Ruth Madoff, center, is seen moored in Port of Gallice along Antibes harbor, in Antibes, southeastern France.   (AP Photo/Lionel Cironneau, File)
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(Newser) – After nabbing a yacht and a motorboat and seizing his Florida mansion, feds have taken a third vessel belonging to Bernie Madoff: a fancy fishing boat found off Long Island, the New York Daily News reports. The 38-foot boat, bought for $430,812 in 2003, is named Sitting Bull, in keeping with the theme of Madoff’s decor. (The first two vessels were named Bull and Little Bull.) Feds plan to sell the seized items to help repay Madoff victims.