Madoff's boats seized

US authorities seized disgraced financier Bernard Madoff’s antique yacht and a smaller boat from two Florida marinas early today as part of a bid to recoup assets to pay back his swindled investors.

The 55ft (17m) yacht named “Bull” and a 24ft (7.3m) motor boat were taken from marinas on Florida’s east coast, said Barry Golden, a spokesman for the US Marshals Service. The yacht, a 1969 Rybovich, is worth $2.2m (€1.66m).