Madoff yacht to be auctioned next week

FORT LAUDERDALE, Fla., Nov. 11 (UPI) -- The United States government will auction a luxury yacht, two vessels and a convertible seized from convicted Ponzi schemer Bernie Madoff next week.

The auction, scheduled to take place in Fort Lauderdale on Tuesday, will raise money to compensate Madoff's victims, the South Florida Sun-Sentinel reported.

In addition to Madoff's yacht "The Bull," two other Madoff-owned vessels, "Little Bull," and "Sitting Bull" are up for sale along with a 1999 Mercedes Benz CLK 320 convertible.

"The Bull" is a 55-foot custom-built 1969 Rybovich sport-fisherman that officials say has been meticulously restored. "Little Bull" is a 23-foot 2000 vessel built by the Maverick Boat Co. "Sitting Bull" is a 38-foot Shelter Island runabout.

Personal property from the Madoff estate will be auctioned in New York on Saturday.

Information on both auctions can be found at www.usmarshals.gov/madoff.