Tuesday, 1 December 2015
Last updated 16 hours ago
Apr 2 2009 | 10:17am ET
Just days after a judge in Connecticut froze the assets of his sons, U.S. Marshals in Florida have seized some of the finer things in Bernard Madoff’s life.
The Marshals have seized the convicted fraudster’s $9.4 billion Palm Beach estate, and two of his boats. According to filings last month by federal prosecutors, the house and boats are “subject to forfeiture” due to the charges against him, although the boats are in the name of his wife, Ruth. The forfeiture list also includes properties in New York and the south of France, another boat, this one in France, a Steinway piano, silverware, jewelry, bank accounts and other investments.
“We are securing the house, changing all the locks on the house,” Barry Golden of the U.S. Marshals Service told Reuters. “We are taking a complete inventory.”
Golden also told the news agency that Madoff’s “55-foot customized motor yacht” “Bull” was “in pristine condition.” That boat was seized from a marina in Davie, Fla., while the smaller, 24-foot “Little Bull” was seized in West Palm Beach.
Oct 21 2015 | 10:41am ET
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…