BREAKING NEWS

BREAKING NEWS

Madoff boats sold to repay victims

Now Reading:

Madoff boats sold to repay victims

Text size Aa Aa

Four pleasure boats seized by US authorities from swindler Bernard Madoff and his right-hand man, Frank DiPascali, have sold for 1.3 million euros at auction.

It is the latest sale of Madoff’s assets with the money to be paid to the fund for his victims. Madoff is serving a 150 year prison sentence for bilking his clients of billions in a fraud that had been going on for decades .