The 27m Leopard is lying in Gibraltar after undergoing a full out-of-water service

A motor boat that belonged to convicted Ponzi schemer Bernie Madoff is finally for sale following a protracted legal dispute over its ownership.

The 27m-long Leopard, Bull, was purchased by Madoff Securities International Limited (MSIL) in 2007 for €5 million.

It has been hardly used since its purchase, and is now lying in Gibraltar having just undergone a full out-of-the-water service.

Inside are a “luxurious” master cabin, two guest ensuites, and three berths for crew.

It is only coming on the market now, some time after the sale of many of Madoff’s assets, because of a long dispute over its ownership.

Both the liquidators and a French creditor claimed the vessel shortly after Madoff’s empire went pop.

“Having resolved a period of legal dispute over its ownership, I am pleased to be finally able to offer for sale yacht Bull,” said Stephen Akers from liquidators Grant Thornton.

“I am sure that its unique history and high specification will ensure that there is significant interest in the yacht.”

Anyone interested in the boat should contact Wyles Hardy & Co, which is handling the sale, on 01442 832234.