US Marshals seized ponzi master Bernard Madoff’s 1969 Rybovich Yacht and a smaller boat in Florida Wednesday as part of an ongoing effort to pay back some of the money lost by former Madoff investors.
The 55-foot 1969 Rybovich Yacht called “Bull” is worth $2.2 million, and was described by a Government spokesman as being “extremely well kept, extremely clean [and the] engine compartment was spotless. It looked like somebody took a bottle of 409 and scrubbed it every day.”
Court documents indicate that Madoff and his wife had up to $826 million in assets at the end of 2008, including the boat. Prosecutors are attempting to seize all of Madoff’s assets.