Madoff's Mansion, Boats Seized

Well, it’s not like Bernie Madoff was going to be using his Florida mansion, 55-foot yacht, or 24-foot motorboat anyway. Hours after seizing the two boats, beginning the process of reimbursing all the thousands of investors Madoff swindled in what is likely the biggest Wall Street scandal ever, federal marshals seized his $11 million Florida mansion. A fleet of officers descended on the house at 6 p.m. on the first day of an effort seize as many of his assets as possible. “We are seizing the house, we’re going to secure the premises,” said a spokesman for the U.S. Marshal Service. “We have a locksmith on hand, all the locks will be changed, the house will be alarmed and monitored.” The next targets: Madoff’s $7 million Manhattan penthouse, $3 million Montauk home, and $1 million apartment on the French Riviera.