Transcripts

"Last Word"-Yanking Madoff's Yacht

SUZANNE PRATT: Finally tonight, disgraced financier Bernie Madoff won't be sailing off into the sunset anytime soon. That's because the Feds seized his 56-foot luxury motor yacht called "The Bull" from a marina in south Florida today. The boat is worth just over $2 million. And, that wasn't it for Uncle Sam's asset seizing spree. U.S. marshals also took possession of Madoff's Palm Beach mansion valued at about $11 million. Madoff admitted to running a Ponzi scheme that took in billions and Paul, it looks like now the race is on to recoup cash for his investors.

KANGAS: That yacht is built by Rivovich , the top of the line in deep sea fishing, beautiful boat.

PRATT: I know you're in the market for one right. KANGAS: Not at that price.