GIBRALTAR (Gibraltar Chronicle) A super yacht owned by convicted fraudster Bernard Madoff has gone up for sale in Gibraltar. The vessel is currently berthed in Queensway Quay and is being sold by Wyles Hardy & Co, a UK-based asset valuer and auctioneer that specialises in the commercial and industrial sectors. Madoff was jailed for 150 years in 2009 after admitting stealing from his wealthy clients. Since then, lawyers for the victims have been scouring the globe looking for Madoff assets that could be sold to help recoup the lost money. The sale of the vessel by private treaty is on behalf of Grant Thornton UK, the joint liquidators of Madoff’s firm Madoff Securities.
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