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France Has Made Off With Bernie Madoff's 'Bull' Yacht

When we aren't out jetting around or hopping a high-speed train, we like to fantasize about that other form of transportation: the almighty ship. So to allay our own curiosity as much as yours, we're spotlighting yachts with either notorious owners or histories...or both. Know of a bootylicious boat? Let us know.

Anybody in the market for a super deal on a yacht? Because boy oh boy does the harbor in Cap d'Antibes, France have the boat for you: it's Ponzi schemer Bernie Madoff's old 88-footer, named Bull. The yacht, only built back in 2007, was seized by French authorities back in April, and now she sits with her propeller chained up and the dock roped off until someone steps up to buy her.

Although she is valued at $7 million dollars, it probably won't take all that much to get off her the yacht broker's hands. Madoff of course registered her in Georgetown, Barbados to tax advantage of their tax haven reputation, but now that she's docked in the South of France, she'll need to be moved by March 2010 or else she'll be liable to French sales tax.

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