Feds seize Madoff Palm Beach estate

"US Marshals swooped in tonight and seized Bernard Madoff's $11 million Florida mansion -- and all of the pricey contents inside -- hours after grabbing two prized boats belonging to the Ponzi scheme kingpin.

• A fleet of marshals and Palm Beach cops descended on the five-bedroom mansion just before 6 p.m., on the first day of the effort by federal authorities to seize as many Madoff assets as possible so that his myriad victims can get at least some compensation for their estimated $64 billion in losses....

The action, which was authorized by a sealed federal court order, comes weeks after federal prosecutors in New York gave a judge a laundry list of Madoff real estate and other assets that authorities want forfeited.

• Some of those assets are in Madoff's name, but others, including the Palm Beach property, legally belong to his wife, Ruth, who has not been charged in the fraud case.

Earlier yesterday, Marshals seized Madoff's yachts -- a 55-foot, 1969 Rybovich named "Bull" -- from a marina on Florida's east coast, and also seized a 24-foot motor boat from a marina in the same area of the state."...NY Post via Michael Savage radio show

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