Madoff yacht, boats sold for $1 million at auction

November 18, 2009

FORT LAUDERDALE, Fla. - Bernard Madoff's yacht "Bull," two smaller boats and a Mercedes-Benz convertible have been auctioned in Florida for more than $1 million combined. The private auction was held by the U.S. Marshals service, which seized Madoff's assets after his Ponzi scheme was exposed. Proceeds will benefit Madoff's investors.

- Associated Press

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