Madoff Yacht Goes Up For Sale

Jun 22 2011 | 7:32am ET

Got $4.3 million to spare and a hankering for a life (or at least the odd afternoon) at sea? Why not buy Bernie Madoff’s boat?

The “Bull”—a 90-foot powerboat that sleeps six and has a top speed of 42 knots/h—is being offered for sale at the hedge fund industry’s GAIM conference in Monaco. It has clocked about 350 hours of use and has been “continuously and meticulously looked after by the original captain,” reports the Financial Times, citing sales documents.

Proceeds from the sale, like those from previous sales of Madoff paraphernalia, will go to compensate victims of his $65 billion Ponzi scheme.

The paper notes the $4.3 million price tag represents a significant discount for the vessel, due to its links to the convicted fraudster.

Wyles Hardy, the UK-based agent behind the sale, suggests in its brochure that a buyer wishing anonymity could ensure it with “a simple name change.”

To the “Bear," perhaps?

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…