American authorities have seized disgraced financier Bernard Madoff's Palm Beach mansion, his vintage yacht and a smaller boat as part of an effort to recoup assets to pay back investors he swindled.

Earlier in the day, Golden said Madoff’s 17m yacht Bull and a 7.3m motor boat were taken from marinas on Florida’s east coast. The yacht, a 1969 Rybovich, is worth US$2.2 million. “A lot of money was ...

An annoyed U.S. Sen. Lawton Chiles assailed the U.S. Customs Service on Monday for failing to rid the Miami River of more than 100 rotting boats seized for narcotics, immigration and other violatio… ...