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Proceeds From Infamous Ponzi Scheme

Convicted Ponzi schemer Bernard Madoff loved the high seas.

Madoff owned three boats, including a luxurious 56-foot yacht named "Bull."

All three, along with Ruth Madoff's Mercedes convertible and a fourth boat owned by Madoff's right-hand man Frank DiPascali, were sold at auction in Ft. Lauderdale on November 17, 2009 by National Liquidators on behalf of the U.S. Marshal's Service.

Two hundred pieces of property from Madoff's homes, including clothing, jewelry, and artwork, were offered at separate auction on November 14.

Proceeds from the sales will go to Madoff's victims.

Click ahead to see images and descriptions of the boats and car, as well as the amount of the winning bids.

Posted Nov. 16, 2009.

»Slideshow: Madoff Property Auction
»Madoff Auction: $4,750 for a Duck Decoy?

Photo Credit: National Liquidators