US officials seize Madoff fishing boat in Florida

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The Independent US

US officials in Florida today seized a 56-foot sports fishing boat belonging to disgraced Wall Street financier Bernard Madoff, which was docked at a local marina, a marina employee said.

The employee at the Roscioli Marina in Davie, near Fort Lauderdale, who asked not to be named, told Reuters the marshals took the boat, named "Bull," away from its berth.

Authorities have charged the 70-year-old Madoff, a former Nasdaq stock market chairman, with operating the biggest investment fraud on Wall Street, cheating private investors, charities and pension funds out of an estimated $65bn.