Subscribe | UPI Odd Newsletter Subscribe MARBLEHEAD, Mass., Oct. 14 (UPI) -- Federal agents seized a sailboat once owned by John F. Kennedy as a teenager, accusing the current owner of having bought and restored it with drug money. U.S. Drug Enforcement Administration agents Wednesday hauled The Flash II, a Star Class sloop Kennedy sold in 1942, out of it storage space at the Marblehead Trading Co. in Marblehead, Mass., confiscating it from Gregory "Ole" Anderson of Florida in the hopes of auctioning it off to the highest bidder, the Boston Globe reported. Advertisement "Crime doesn't pay. The seizure and forfeiture of assets allegedly gained from drug proceeds is critically important and sends a deterrent message to those who want to get involved in the illegal drug business," said U.S. Attorney Michael J. Sullivan. The DEA's affidavit said an informant and former drug dealer contacted Anderson in February and gave him between $12,000 and $15,000 to refurbish the sailboat. Anderson was convicted of an earlier marijuana-transportation charge for which he served one year in an Arizona state prison.