Feds Seize Madoff’s House & Yachts

MANHATTAN (CN) - Federal prosecutors said Thursday that the government has seized Bernard and Ruth Madoff's "multimillion-dollar waterfront home in Palm Beach" and three yachts: the 55-foot "Bull," the 38-foot "Sitting Bull" and a 24-foot Pathfinder motorboat and trailer. The U.S. Attorney's Office says the stuff will be sold to help pay off Bernard Madoff's victims.

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