> Government wants to sell Russian yacht while forfeiture case continues
Government wants to sell Russian yacht while forfeiture case continues
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Description
A $330 million Russian super yacht seized by the United States government 19 months ago was spotted Wednesday cruising around San Diego Bay.
This, as the Department of Justice said in court papers it may seek to sell the Amadea yacht to the highest bidder to get out of skyrocketing maintenance costs, estimated at $1 million per month.
Online tracking of the yacht showed it exited San Diego Bay around 11 a.m. on Wednesday, then made a loop off the coast of La Jolla before returning to its dock in National City at about 4 p.m.
The voyage was apparently part of routine maintenance of the seized vessel, which requires running the engines at sea.
In 2022, the U.S. government seized the Amadea to help fund Ukraine's war against Russia, claiming the yacht was owned by a sanctioned Russian oligarch. It has been docked off Pepper Park in National City for the past 19 months.
MORE: https://www.cbs8.com/article/news/local/government-wants-to-sell-russian-yacht/509-ba148d20-aad5-4e06-9d13-db16e3a7defa