Victims of Bernard Madoff’s Ponzi scheme can expect some relief as federal agents are all set to auction off his possessions. Several luxury yachts and a Mercedes-Benz seized from Madoff and his top aide Frank DiPascali will hit the auction block Tuesday in Ft. Lauderdale. The auction held by U.S. Marshals Service will feature four vessels and one vehicle of which the prized offering is considered to be Madoff’s M/V the Bull, a 55-foot 1969 Rybovich custom-built sport-fisherman. The other mean machines are Madoff’s 38-foot Shelter Island runabout, named “Sitting Bull,” and a 24-foot Maverick center console named “Little Bull.” There is also a 61-foot Viking fishing yacht formerly owned by Madoff’s ex-chief financial officer, Frank DiPascali. The car that will feature in the auction is a black 1999 Mercedes-Benz CLK 320 convertible, which has just 12,800 miles on the odometer.
According to reports, already 29 people had put up a $100,000 deposit for the opportunity to bid and more were expected to register. All proceeds will go towards the victims of Madoff’s scheme.
Interested bidders are expected to register online at the U.S. Marshals’ website where they can also see pictures of the vessels and obtain all documents needed for the auction.