Authorities seize Madoff's largest yacht

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Jailed financier Bernard Madoff's 89-foot Leopard yacht was seized by French authorities on the French Riviera after legal action by a Paris-based investment group seeking to reimburse customers who lost out in Madoff’s $50 billion Ponzi scheme fraud. A notice attached to the yacht, which is estimated to be worth $7 million, reads: "Important: Do not turn on the motors. Major judicial problems will result if anyone attempts to remove the boat."

Click here to read a report in The Times.