Ward calls the “ostentatious act stupid, shameless, and deeply offensive to all those ruined by the Fairfield Greenwich investment group.” But a lawyer for Fairfield Greenwich, Thomas Mulligan, told us Piedrahita couldn’t cancel the purchase of the boat. “Mr. Piedrahita is attempting to sell the yacht and has been on the yacht with prospective buyers,” Mulligan said. “When the yacht is sold, the proceeds will go into a settlement pool in case of a settlement with Irving Picard, the Madoff bankruptcy trustee.”