Gibraltar ‘Bull’ sale in bid to recoup Madoff monies | Easier

Gibraltar ‘Bull’ sale in bid to recoup Madoff monies | Easier: "It might seem like a drop in a 50 billion USD ocean, but the liquidators of infamous Madoff Securities International are selling the fraudster’s superyacht in a bid to recoup a fraction of the victims’ lost money. Currently lying in Gibraltar waters, ‘Bull’ (you’ve got to hand it to the man) is expected to receive offers over three million euros.

Sentenced to 150 years imprisonment in 2009 for the biggest fraud in business history, Bernie Madoff was at the helm of a 20-year-established Ponzi Scheme that managed to vaporize 50 billion USD-worth of investors’ money. Thanks to a bullish attitude and unwavering ability to spout the same, Madoff lived like a king with head-turning Bull just one of his indulgent toys. Now for sale by private treaty, the 27 metre Leopard had a launch value of six million euros in 2007 yet could prove to be a bargain at half the price for today’s buyer."

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