Washington - Prosecutors started seizing the property of the fraudster-financier Bernard Madoff on Thursday, taking possession of his multimillion-dollar waterfront home in upscale Palm Beach, Florida, and three boats, the US Attorney's Office said.
Madoff, 70, faces 150 years in prison for the largest Wall Street swindles ever, and now faces loss of his personal property to pay back angry clients. The Florida property alone was reportedly valued at 14 million dollars.