MIAMI AP - Federal authorities seized disgraced financier Bernard Madoff's vintage yacht and a smaller boat from two Florida marinas early Wednesday, part of an effort to recoup assets to pay back his swindled investors.The 55-foot yacht named "Bull" and a 24-foot motor boat were taken from marinas on Florida's east coast, said Barry Golden, a spokesman for the U.
April 01, 2009 at 12:00 AM
1 minute read
MIAMI AP – Federal authorities seized disgraced financier Bernard Madoff’s vintage yacht and a smaller boat from two Florida marinas early Wednesday, part of an effort to recoup assets to pay back his swindled investors.
The 55-foot yacht named “Bull” and a 24-foot motor boat were taken from marinas on Florida’s east coast, said Barry Golden, a spokesman for the U.S. Marshals Service. The yacht, a 1969 Rybovich, is worth $2.2 million.
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