Monday, 4 May 2015
Last updated 18 min ago
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?
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…