Bernie Madoff, the admitted ponzi-scheme king,had his yacht fleet sold today via the U.S. Marhsall's office and National Liquidator's auction facility in an effort to raise capital to pay back investors he bilked for billions. According to a report from the Times Online, Madoff's boats, which included a 55-foot Rybovich named Bull (seen below), 38-foot Shelter Island runabout, a 61-foot Viking Convertible (owned by convicted Madoff associate Frank Dispacali), and 24-foot center console garnered about $2 million by the time the final gavel came down.
That Rybovich sold for $700,000, while the 38-footer went for an estimated $320,000. The center console brought in $21,000 while the big payday of the day came from the Viking, which slid out the door for $950,000. About 70 bidders, each of whom put up $100,000 for the right to grab a piece of white-collar-crime folkore, competed for the vessels.
