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PALM BEACH, Fla. — Authorities seized financier Bernard Madoff’s mansion, his vintage yacht and a smaller boat Wednesday, part of an effort to recoup assets to pay back investors he swindled.
U.S. Marshals Service official Barry Golden said about five marshals arrived at the 8,753-square- foot, five-bedroom mansion late Wednesday afternoon, hours after marshals seized the boats. Authorities planned to enter and secure the mansion, change the locks and conduct an inventory of the property, which Palm Beach County records show had a taxable value of $9.3 million last year.
Golden said marshals will spend three to four hours filming and photographing items that might be removed at some point. Minneapolis Star-Tribune
