Bernie Madoff, the fraudster owed a lot to a lot of people and his belongings were seized to pay off his victims. His possessions have gradually been sold off but one of his luxury belongings is still for sale. Madoff’s Italian-crafted super yacht, which was made to his unique specification, is lying off the coast of Spain, awaiting a buyer. The custom-made 89-foot Leopard yacht, “Bull,” is the only boat connected to Madoff that hasn’t been sold off yet, according to Wyles Hardy, the British yacht broker handling the sale.
Grant Thornton has been appointed the liquidators for Madoff’s UK business. They said that the yacht is being sold through private negotiation and contract rather than public auction. The yacht has undergone a full maintenance just a couple of months ago. The yacht is currently docked in Gibraltar and is ready for immediate use.
Madoff has been convicted for the largest Ponzi scam ever and is serving a 150-year sentence in a federal prison outside of Raleigh, N.C. The six-berth “Bull” was bought by Madoff Securities International Ltd in 2007. It had a list price of €6 million ($7.8 million) when it was purchased. With its 42-knot capability, it’s an incredibly fast machine.