- Court in Fiji approves U.S. warrant to seize Russian-owned mega-yacht
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Christ almighty, look at the size of that thing.
ID: i7fpmxhLook at the number of fuel trucks queued in front. Imagine the amount of money it would cost just to fill the tank up.ID: i7fxcr2Here's the inside if you're interested. Some highlights - Includes a teppanyaki grill, a rotisserie and a hog-roaster. On-board cinema includes D-box motion seats Dinner seating for 16 The owner’s cabin opens out on to a private terrace with a mosaic-lined spa pool. A fiber optic light ceiling includes all the signs of the zodiac. Everything, from the entertainment to the curtains and blinds, is controlled via dedicated iPads. There are 6,500 devices in the interior design. Equipped with a helipad and contains a limo tender, a Pascoe beach lander, cabrio sports boat, and two custom windy boats Hand-painted Pleyel piano - All told, the piano took 18 months and thousands of hours to build.ID: i7fsuc7I'm nearly 40. I'm quite sure that fucking boat is larger than every house I've ever owned, every apartment I've ever rented, put together. And I move pretty often...ID: i7fioxcIf that’s a mega-yacht imagine the size of a mega-pintID: i7fsh3qWait until you see [Dilbar]. The owner built in it in triplicate. He has three of these. $800mm each. ( Edit: There’s a great YouTube channel all about yachts, and he has daily updates about the mega yachts that have been seized. He’s been ships crew on mega yachts for years and has a ton of insight. Definitely worth a binge. eSysman is the channelID: i7fm98oWhen you stand 30 feet apart from everyone else, it can get sort of vacuous.ID: i7fy08kIt looks like the bridge of an Imperial Star Destroyer. I can’t imagine how nice that thing is inside and how many secret weapons it has.ID: i7fnvxnThat’s what she saidID: i7fztl0Can you imagine how many Russian slaves citizens suffered, so he could ride around in style?ID: i7fy7ewIt’s opulence. Grossly excessive opulence in the face of so many with so much less. It says bad things about our species that we can enjoy these things enough to pay so much and have it made. A third of a billion, you say? And here I thought 5m for a car was excessive.ID: i7g87xzI'm usually one not to impose my opinion on how people spend their money.... But this is just ridiculous. It just seems that after stealing absolutely ludicrous amounts of money, all you can do is spend it on a big dumb boat, or private planes because simply nothing else costs that much. I doubt owning either of these things offers much more convenience than simply chartering one when needed. It's just so hard to understand. Like you'd have to posess a certain level of frugality or shrewdness to attain that type of wealth in there first place, but then to waste such amounts on what is quite literally just a "flex" seems like such a contradiction.ID: i7fpectCut the chatter, Red Two! Accelerate to attack speed!ID: i7goaf4I stumbled upon a Russian oligarch's yacht a few years back in Italy. Can't even begin to explain the size. Those tiny trap doors and the aft port have like 6 regular boats inside. Yes, that tiny thing next to it is a super nice speedboat. Another door had 2 helicopters inside, and that doesn't count the helicopter on the helipad at the rear. The people hanging on the sides cleaning it looked like ants. Fuck billionaires and their persecution complex.ID: i7fj82yThat’s what she said.ID: i7ft203Cut the chatter Red Two, accelerate to attack speed.ID: i7fkgudIs the name of Donricardo1958's porno.ID: i7gxsvsit is reportedly worth a THIRD OF A BILLION (BILLION) DOLLARS..... Yachts are easily amongst the most expensive single items civilians can own, which is why they are usually how rich people flaunt their wealth.ID: i7fnnk5The should but quite a few stinger missilesID: i7fjxq9THATS WHAT SHE SAID! -Michael ScottID: i7gjioxThat’s no moon…ID: i7fs6n5That’s what she saidID: i7fsvo4That’s what she said.ID: i7fu0rlThat's what she saidID: i7fv7jlThat's what she said.ID: i7fn8xt[deleted]ID: i7fpir0Thank youID: i7fxt9rI need a banana for scaleID: i7g1l0jJesus Christ, it’s Jason Bourne!ID: i7g1nbiImagine how many more zillions were stolen from russian people by pootin and his friendsID: i7g6ifdThat thing is oppulant to the point where you literally have the wealth to save many people's lives and you're like na fuck it I have an idea.ID: i7g6rkmFirst time hearing thatID: i7g7m0pI don't see any lifeboats. Probably hidden. Or, maybe they need just one for the owner.ID: i7gdusyFucking hell if I would be a billionaire I wouldn't even know what todo with such a thing.ID: i7giuitIt’s like a cruise ship
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Question: Why would Fiji turn the boat over to the US instead of keeping it themselves?
ID: i7ft87wBased on what I've heard from a YT channel: Fiji detained it for a couple random things, most likely to hold it until the court case for the US went through. The crimes Fiji held it for weren't enough to seize the vessel, the US's charges are for money laundering and a couple other things that are serious enough. So now the US just has the boat detained until their case goes through to actually seize it.ID: i7fo4ugRussia might come and take it back from Fiji, but they won’t from The US.ID: i7fp8lgWhich navy has the better chance of keeping the boat? Fiji’s? Or the US? Edit: it has been correctly pointed out that the Russian navy could be held off by a particularly motivated Girl Scout troop. Fiji would be fine.ID: i7fnb2tMight not have the capacity to do anything meaningful with it or possibly getting a cash payout.ID: i7ghtdtFiji has a strong relationship with the US, NZ and Aus in the Pacific, and there is a lot of funding going there for other things. The US is also coming is with aid programming to counter China and I am sure there was the promise of more to cleanly had this over. Source: I’m in FijiID: i7fvippWould you rather have a small island deal with it or the biggest Navy in the world?ID: i7gngp8Fiji's Navy is basically three guys and a kayakID: i7hfp2xFiji is a US protectorateID: i7fxyzcThe case is complex. Go watch esysman on youtube. Essentially the US has charged the believed owner of money laundering separate from the Ukraine conflict. So Fiji might not have a case, do they even impose sanctions? Also, the court case is assumed to drag out for years and the seizer has to maintain it during that time. That thing costs over 30 million per year to run normally so just keeping it in top shape won't be cheap.ID: i7g4lg9Imagine the cost of operating the boat, a small country like Fiji would not want to pay the running costs.ID: i7gj4fqNot a bad thing to do a favor for the US specially in times of war
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325 million dollar yacht. So figure in the 200 million dollar range of being an auction vessel and all the legal hoops to jump through for selling it. That one yacht will probably rebuild a few square blocks of Kyiv on its own.
I think they should rename some of the streets in the city after the yachts. Like an adopt a highway thing. If nothing else it will really piss off the ruling class in Russia.
ID: i7ffw4zThat's kinda funny joke about naming streets after yachts but better names would be Ukrainian symbols of joy and strength and perhaps some war heroes.ID: i7fui1yMaybe name public toiletsID: i7flwbiIf these were American owned yachts I think we'd be seeing names like "Nosecandy Street" or "Deez-Nutz Avenue".ID: i7fyzch...except NOBODY is going to buy these things. Might as well paint a giant bullseye on the side while they're at it.ID: i7ftgliI was thinking you sail it straight to Mariupol and start evacuating refugees.ID: i7g28qoYou think that money is going back to rebuild Ukraine? Ha!ID: i7g4eo1So the Oligarchs who only make what, $100 grand a year? They're just reallyyyyy reallyyyyyyyy good at saving!ID: i7htq4nAmadea street is a nice nameID: i7hzr6gThe cost to run the thing is far more mind boggling than the cost of the yacht itself. God, the fuel costs.ID: i7g5w4pCops’ll keep itID: i7fxpfmSo can iraq a d Afghanistan take gates or zuckerberg assets to build their country? Usa stole 7b from Afghanistan... aggressor stealing from victims .. to pay for 911 families.. not saudi but afghanista.ID: i7fwej0Or they can transport the yacht to Ukraine and use it as a luxurious public water transportation.ID: i7g0lwpSeizing for sale?ID: i7g81k8Is this the plan with the seized yachts and property ? I really hope that's the planID: i7ga49t200 mill at auction, 50 mill after fees and taxes, 20O mill once the resources reach the intended destinationID: i7gap9lWith how customize these are will they actually get that much? Any buyer would want to gut and rebuild to their specifications. And there will be a bunch of them entering the market so might further depress the prices.ID: i7gdctxNaming the playgrounds in those streets after these yachts would work. Toys from crooks became toys for kids.ID: i7gdxi1The should name the streets where the Russian brass keep being snuffed out after them. Frolov Headshot AvenueID: i7geycgI think they should rename some of the streets in the city after the yachts. I dunno. Rich people name their boats some seriously stupid shit. Like just a step up from "letting the internet name it" stupid.
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$325 million dollar yeah, but it was seized six days after berth. So it’s worth like half?
ID: i7fsskfAfter such depreciation, it's it even worth it?ID: i7fzhy1Once ya take it off the lot that depreciation really hits.
- Mega yacht seizures so hot right now
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Why do these people need yachts like this? Is it a display of power? Or do they plan on living in these yachts in case the world goes to shit?
ID: i7flm9iI think if the world goes to shit they will have a hard time supplying their ships.ID: i7fjaobBoth? Both. Definitely both.ID: i7fy99tIt's a mansion that can be in Antigua, Monaco, Tahiti, Bali, Miami, wherever you want, whenever you want.ID: i7fusjvThey are essentially floating HQ’s for the owners. They can vacation, conduct business, entertain guests, etc. at essentially every major location in the world. And they can do it in-person with their own security detail while being effectively out of jurisdiction of any legal authority. Want to have a confidential meeting with your Wells Fargo banker? Park the yacht outside of Monaco, helicopter the banker to your yacht, and now you have a private and secure in-person meeting that can then be used to entertain with drinks, women, and drugs of choice all about as risk-free as you can be when you are a billionaire criminal. And you can be somewhere else by the time you wake up after the night of partying and helicopter your banker to the nearest airport.ID: i7flk51Yachts are for peasants. you haven’t made it until you have a space program.ID: i7g3974It’s to get the ladies nice and tipsy topside so they can take them to a nice, comfortable place below deck and you know they can’t refuse, because of the implication.ID: i7fovreGotta spend money on somethingID: i7fk53kthere are no laws in international waters. so doing criminal activities outside any nation would be just activitiesID: i7fj9qrMoney laundering, same with "fine art" sales.ID: i7fyfchBecause the owner wants privacy/security when they vacation. It is also likely used for "networking" or "representation". Think of it as a very expensive version of taking clients out for dinner.ID: i7fw52qThey lose value at a slower rate then inflation. It's basically money launderingID: i7fso6sThese yachts are so that they can go into international waters and have sex with children. Even on the off-chance that that is not true, it would be better if people believed it was true.ID: i7g15wtIt’s because of the implication, come on nowID: i7g4yjqBragging rights and dodging the law in international waters. They don't spend more than a few weeks on itID: i7g5nuqIt’s physical storage of wealth that’s somewhat isolated from the marketID: i7g80ssWhen you have that kind of money, 'want' becomes the new 'need'ID: i7gbz4yI mean, it would be awesome to vacation on this thing and travel to coast cities. But it’s still insaneID: i7ge5hqMovable asset that can easily be transported to (literal) safe havens.
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Oh come on, how big can it... Holy crap are those artics‽
This is what happens when 25% of your GDP is lost to corruption. A few men get mega-yachts while the majority don't have paved roads or indoor toilets.
ID: i7g12j0Sounds like america. The whole world is fucked
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the more I see these same headlines the more I believe the only thing Russia spends its money on are mega yachts and war crimes
ID: i7h6phd"Nevada siezes Xbox from Russian oligarch" doesn't draw as many clicks.
- Lmao a whooooole lot of "that's not mine" coming from Russian oligarchs these days.
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Honest question, not rating anything. On what legal basis are they doing this? As I understand it, those ships are privately owned and do not belong to the state of russia. Is this not theft somehow? How does this fit the traditional american approach to the concept of private property?
ID: i7fn02vNAL but I am assuming in the same way that the Feds in the US seize drug dealers property. If it was obtained through illegal means then its not theft for a government to confiscate it. The US is likely claiming the same thing here that it was bought using bribes and corruption. The local court just agreed.ID: i7fnrxkWorld governments aren’t just sanctioning the Russian government. There’s a long list of oligarchs with close ties to Putin who are being individually named in sanctions. The US is claiming this yacht belongs to one such oligarch. The company that this yacht is registered to says it actually belongs to a different Russian who is not personally named in any sanctions so that’s why they’re appealing this ruling. That’s all I can say without speaking on a topic I’m pretty ignorant about. So that’s the argued legal basis in which they’re doing this.ID: i7g0ot3Executive Order 1661 and 1662, which have authority from the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), section 212(f) of the Immigration and Nationality Act of 1952 (8 U.S.C. 1182(f)), and section 301 of title 3, United States Code. Essentially, the government determined that a certain group of oligarchs play an outsized role in contributing to (and benefiting from) malign Russian activity. These individuals are identified in an addendum to the first executive order. Those individuals have been sanctioned, and the EOs claim that blocking property to the named entities benefits American interests by limiting the financial resources of a malignant entity. So essentially, the grounds are "you're fucking with Ukraine, so we're taking your shit." If you want the legal basis, the first paragraph of this comment provides that. The executive branch has fairly broad authority to take these sorts of enforcement actions.ID: i7fogz6Does the concept of private and state really apply to the Russian elite or is it more analogous to a mob family?ID: i7ghdtsIf a foreigner has property in another country that they enter a war or conflict with, it’s pretty typical for the government to take the property they had and say “fuck you this is ours now”. Same thing is happening with all the old McDonald’s in Russia, and with a lot of mansions and villas in Europe.ID: i7gjr9oThese ships sail in international waters, and so, once docked in a foreign state, they are subject to local laws and regulations. If Fiji decides to allow the US to seize such property, then the owners would have to challenge either the US or Fiji in a court of law… But since Russia is at war with the Ukraine, and is also threatening nuclear war against just about everyone all bets are off really. Oh fuck it, we might as well ask what legal basis Russia has for invading the Ukraine, murdering civilians and chopping fingers, toes and dicks off their prisoners. The more we hurt the oligarchs by taking their wealth and power away, the sooner somebody will off Putin. That’s the idea. Pray it happens soon because nuclear war has never been more likely.ID: i7gy5llYou can't effectively separate state owned and oligarch owned assets when it comes to Russia. Oligarchs got their shit by swindling the state.ID: i7fo5i1Have you missed America's love affair with civil asset forfeiture? Usually it's just used to criminally abuse poor people, but this? This I can get behind.ID: i7ftz03It is theft, but US is the pirate so everyone cheers.ID: i7g8t5rWhile I don’t feel bad for the oligarchs, governments do all sort of stealing. They can pass pretty much any law and do any thing. Jews were moved to concentration camps legally so don’t mistake legal framework for moral framework.ID: i7ftle5If you rob a bank and use stolen gains to then buy physical assets, those assets are ill-gotten. Recent sanctions and most likely other info by the US probably indicates the yacht was purchased with ill-gotten money.ID: i7g2ifpIn the good old US, if you have any thing of value, it must have come from illegal means, so it’s up for “civil asset forfeiture”. Then it’s up to you to prove you got it legally.ID: i7gec44We've sanctioned individuals as well as the country as a whole. So there's a legal proceeding that occurs before the yacht is seized.
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I think that that monster would make a fine torpedo/gunnery target. And then a good foundation for a coral reef.
ID: i7guuzbActually it would be a pretty terrible one. The issue is, as a civilian pleasure craft of only modest warship size, it would be sunk really fast by anything thrown at it while not being representative of even a ship of similar size in combat.ID: i7gocj9Wrecks are the best make shift reefs ever. a secure secluded structure for fishes to hide and great diving locations.
- I think a televised (pay per view) of us sinking them would be awesome
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From the article:
But an attorney who represents Millemarin Investments, the company the $325 million ship is registered to, said it's not owned by Kerimov. Instead, he argued in court that corporate paperwork traces the ship's ownership to Eduard Khudainatov, a former executive at Russia's state-owned Rosneft oil company who has not been sanctioned.
So asking the obvious question:
How does an executive at a state owned oil company afford this beast?
I'm asking because I genuinely do not know. Do state owned companies in Russia compensate executives at ridiculous levels like we do here in America? Or is this evidence of good, old fashioned corruption?
ID: i7gbihtGood old corruption.ID: i7h6s16its russia.
- I am glad to see this. One benefit of this sad situation is that the US, Ukraine and some of the EU can see truly who there friends are.
- Russian luxury ship -- go fuck yourself.
- At what point do we start calling these "yachts" mini cruise ships?
- That's not a boat; that's a self-propelled Island.
- God this is just another level of wealthy I haven’t grasped. I thought I balled out when I split a lake boat rental last summer with 20 people to go drinking
- Captain here for source: that thing is upwards of 5 million a year to maintain including fuel and crew. Won't go into the details but think of a hotel then associate the same costs. Also they usually register these things in places that don't have taxes. So the crew makes straight money. Usually 500-1000 a day.
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Im assuming that's where Johnny's mega pint wine is at
ID: i7flm2pHearsay your Honor.ID: i7g4wlrObjection, speculation.ID: i7fk5nqWere you there?
- Jesus, that thing is bigger than my house. Wealth inequality in this world is insane.
- They have to keep us focused on the Russian super rich or we might look around and realize what the American super rich are getting up to.
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So what's the US planning on doing with it?
ID: i7fqpc0Selling it. Sending money to Ukraine (or buying weapons for Ukraine on it)
- They're NOT gonna need a bigger boat...
- Fuck, I could watch Russian yachts get seized all day. I dont give a shit about your yacht.
- They should have password protected it
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We've been hearing about all these yachts being seized. My question is whongets the yacht once it's seized?
ID: i7gix1pIt's retained by the authorities until a court hearing. If the courts determine that it was purchased using some laundered money or other criminal mechanism (which every single Russian yacht was) then it can be auctioned by the state.
- It’s gonna get to a point where russia has nothing left but nukes
- 1 million seconds is 12 days. 1 billion seconds is 32 years.
- Can we just gift it to the Fijian govt?
- That boat is basically the iPad mini to a cruise ship’s normal iPad.
- God, I hate rich people.
- Turn it in to a Ukrainian destroyer
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Anyone else wondering what kind of intelligence might be aboard these things?
ID: i7fvd4zHello, superyacht crew here. Absolutely nothing… it is what it is, just a lump of floating money woth questionable interior design.ID: i7fl76eIt's russian so there's none aboard.ID: i7fqghkWho knows, they belong to oligarchs. There might not be anything directly related to the actual Russian government, but intel on these guys themselves could be very valuable.ID: i7fjqanNow I am.ID: i7fjwo2I’m getting down voted for asking that question? Does Putin use Reddit?? Lmao 😂
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I'm still not understanding how this works, legally. Owner is Russian, so other countries can legally take their stuff because they're mad at Russia?
How does that work? Is there evidence that the owner is actually a war profiteer? It's he connected to the government in any way?
American and Fijian officials claim the Cayman Islands-flagged Amadea is the property of Suleiman Kerimov, an oligarch who built his fortune on gold mining.
So probably not a wonderful guy, but it's not like he's an arms dealer. Why him? Just because he's Russian and rich? Why yachts from billionaires and not summer homes from mere millionaires?
ID: i7gfh8eMillionaires' shit isn't worth taking, the admin and man hours wouldn't be worth it.ID: i7g4dcoIt is basically piracy.ID: i7gh6osIs there evidence that the owner is actually a war profiteer? Yes. There was a legal proceeding in the US at which evidence was presented that he was rightfully sanctioned. Fiji is enforcing that judgement. I don't know enough about the case to know how good the case was, but evidence was presented to a court.ID: i7gj2syRussia is attempting to take Ukraine. Is Russia operating legally? The owners of these yachts have power and influence in Russia. Seize their toys and force them to act to stop the war in Ukraine. They can protest the yacht seizures and go to court... or they don't for X number of days and the court rules against them. Then they get auctioned off.ID: i7gyltgrussian botID: i7gymwprussian botID: i7ggk7bI am not a lawyer, but countries grant each other these rights through trade agreements. They protect each other from these types of circumstances.
- "Excuse me, would you like to buy a $300 million yacht seized from a government with a very long history of assassinating anyone it doesn't like?" "Uhhhh... I'd prefer to live, thank you."
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When Russian billionaires get handouts from the government and help prop up their wars abroad, it’s oligarchy. When American billionaires do it, it’s capitalism. Other countries need to start seizing American assets for the violence we are inflicting on Yemen
ID: i7go613Not supporting US billionaires here, but comparing them to Russian oligarchs is honestly pretty asinine. They’re not even in the same league with respect to money and power relative to their respective economies and governments. There’s literally orders of magnitude difference.
- Seize all russian owned assets. Sell them. Send the money to Ukraine.
- Nations should seize every oligarch's mega-yachts... among other assets.
- Cool. Sink it. Nobody needs those
- That’s cool. Putin’s still killing people though.
- How did the U.S. come to procure all the yachts?
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5-10years and Putin is gone
ID: i7gvcexI mean healthwise that's pretty much guaranteed if anything regarding his health is to be believed.
- With all those seized yacht, you can end homelessness here in america
- yacht? that's a fucking cruise ship 😳
- 🙋🏻♂️…..ready willing and able to provide my tender services for a ride home. I’ll even fly myself down to Fiji. Just allow me a few days of surfing at Cloudbreak.
- Ohhhh we’re gonna have some fun on that
- So THIS is what a credit swap is. 😂
- Why doesn’t Fiji take the yacht and sell it to the US?? Guaranteed Fiji could use an extra $200-400m
- They are hiding gold in the ship
- Fiji should get to keep it. They are and island nation they can make it into a tourist attraction. Party on an oligarch’s yacht. I’d do it.
- US: You want to keep selling bottled water for $.25 Fl oz?
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I thought Fiji is an independent country. What will happen to it if they refused to allow the yacht to be seized.
ID: i7i6lgo[removed]
- So collective punishment is back on the menu?
- See guys? It feels good to take shit from billionaires. We should do this to all of them!
- While we’re talking about Fiji… y’all should read up on Stewart and Lynda Resnick. The owners of Fiji water, and that pom juice stuff. Tl;Dr: they’re evil as fuck and you should never buy Fiji water or pom juice.
- Is it just going to end up in some other assholes collection of things they don't need? Yes it is. It's going to end up belonging to someone who's just as shitty, they just happen to not be caught on the wrong side of a stupid war this time. There's zero way I'm gonna believe shit like this ends up bettering anything. I've got such a lack of trust in the whole "rich people running the world look at how they're standing up for what's right" bullshit.
- US: hey can you grab that yacht, fuck Russia amirite Fiji: lol, sure fam
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My neighbour is Russian , can I take his Honda Civic ?
ID: i7fw0skNo he’s on American soil which means his property rights are protected by due process. When you’re in international territory tho, all your Honda r belong 2 us
- I'm excited for the day when I see headlines like "Worker Collective seizes even more assets from corrupt American Oligarchs"
- What do they do with it? Sell it to an American or European oligarch at a discount and give the proceeds to Ukraine?
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These threads are the best. Tons of Russian trolls trying to make the narrative out as the US doing something negative by confiscating assets from sanctioned individuals that are part of the ruling party (decision makers) that caused the sanctions in the first place.
They over reached.. they are now paying for it.
Oh, but they "said" this isn't a sanctioned individual. Yeah, and how many ppl caught with illegal possessions say "It ain't mine". The guy they said "owns it" can't even afford it.
ID: i7goojpOh, but they "said" this isn't a sanctioned individual. That's what was argued in court. But here, in these very comments, you can see that The Kremlin is using different tactics. They're trying their best to paint this as "civil asset forfeiture," which they know is very unpopular. But you'll see no mention of sanctions, which is a completely different legal argument. In fact, they're almost opposites. Asset forfeiture tries to separate property from the owner, and then seize it without having to prove the owner committed crimes. But sanction enforcement tries to connect property to foreign adversaries, which was the crux of this particular case. And this is not about criminal justice. It's foreign policy, where NATO is exercising its soft power. It's economic warfare. It's wild seeing such blatant muddying of the waters happen right before your eyes. And the worst part is that you don't know if the commenter you're looking at is an employee of the Russian government, or just someone who fell for their bullshit.
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Whether you support Russia or Ukraine -
HOW. IS. THIS. LEGAL.
You can’t just seize somebody’s property because you don’t like what their Country’s Govt is doing or did.
Could you imagine a country seizing Jeff Bezos Yacht because the USA killed a family of four in a drone strike?
ID: i7gl7csThis is how sanctions work. It's legal because the owner of the ship was trying to evade those sanctionsID: i7g6gzfLegal is a thing court say is legal, ehehe.ID: i7ftx0pThe constitution prevents that for US citizens, but since they are not US citizens anything goes.ID: i7g5yecYou dont seem to understand that in the world there is no such thing as legal or illegal, there is only what you are willing to do or not do and if you have the power to do it. Laws are only things that are applied to the people who lack the power to do whatever they want to do. And your decision to do or not do something is just a decision of if you think you can get away with it or if the cost of doing it will become too high. When Russia decided to illegally invade Ukraine they broke the peaceful mutual respect that they had with many other nations and in that moment all current laws, regulations, and understandings have now become useless and are only a matter of what each party thinks would be pushing it too far. You have to understand how this plays out from a logical perspective. To the people outside Russia the oligarchs did not earn their riches, rather they stole it from the Russian people. They did so be being blatantly given power and control over social enterprises, corruption, and other nefarious methods. So to the west, these people never earned or had a right to these Yachts in the first place. They were only allowed to have them as long as Russia was reasonably peaceful. Also in case you don't know these Yachts are basically mobile banks accounts stuffed with riches the Oligarchs keep so they can get out and save themselves in the event change of power takes place in Russia.ID: i7g7s3hCivil asset forfeiture has been a thing for a long time. Idk why people are surprisedID: i7gkhh9Freezing destroys the economic benefits of ownership. But the owner at least retains the hope that, when the conflict is over and the freeze order ends, the property – or its equivalent in money – will return. Confiscation means selling off the property and giving the proceeds, along with any cash seized, to a designated beneficiary – in this case, people acting on behalf of Ukraine. The International Economic Emergency Powers Act of 1977 permits only freezing, and not selling, foreign property in the course of an international crisis. Since then, the U.S. has frequently used the power to seize assets belonging to foreign individuals or nations as an economic sanction to punish what it considers bad behavior. For example, after Iran stormed and seized the American embassy in Tehran, the U.S. government seized billions of dollars in Iranian assets in the U.S, including cash and property. The U.S. has also frozen assets of Venezuela and the Taliban over ties to terrorism and Russian individuals considered responsible for human rights violations, thanks to the Magnitsky Act. In all these cases, the United States held on to the foreign property rather than sell it off. In some cases, it used the seized property as a bargaining chip toward a future settlement. In 2016, the Obama administration famously returned US$400 million to Iran that the U.S. had seized after the embassy siege in 1979 – delivering stacks of Swiss francs stuffed inside a Boeing 737. In other cases, the assets remain under government control, administered by an office of the U.S. Treasury, in hope that eventually some compromise can be reached. The Patriot Act, adopted in the wake of 9/11, created a limited exception to the confiscation ban in instances in which the United States is at war. The U.S. never has used this authority. And despite the increasingly heated rhetoric, stepped-up sanctions and growing aid for Ukraine, the U.S. is not at war with Russia.ID: i7ftm2uRussia is an oligarchy that uses Putin as it's figurehead. These people are rich because of the governmentID: i7fvok4Oh no won’t someone please think of the poor oligarch.ID: i7fv3wvYeah but these people work for the state of Russia. It would be a lot more like if someone seized a vice presidents assets after we murdered and raped thousands of people. Not just 4.ID: i7fzkrrOh no, does this make it harder for them to fund the army that keeps killing civilians? 🙁ID: i7gnfudIt’s legal because these assets are components of massive money laundering operations, as are effectively all of the oligarchs’ high-dollar assets Money laundering is illegal everywhere, as is seizing related assets
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seized on what grounds? This is absurd
ID: i7fvgumIt wasn't seized on any grounds. It was seized on the water.ID: i7gnoe5On what grounds did Russia invade Ukraine? These oligarchs are state actors in effect, and their proterty should be confiscated against the state crimes of Russia.ID: i7gkwvsOn the grounds that the owner is trying attempting to bypass sanctionsID: i7fxc5mGranted they aren't U.S citizens so they technically don't need any reasons to seize their property, but even if they were civil forfeiture has been a thing for a long time.ID: i7g2u21I bet you are cool with civil forfeiture tho.ID: i7fuap0US being hypocritical assholes as usual.ID: i7gmsmmThe only bummer is we're only doing it to Russian oligarchs. We should seize the property of our ruling class as well ☺.
- Team America World Police does it again...
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So collective punishment is back on the menu?
ID: i7gmm1yThis seems pretty specifically targeted…
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So just like that the us can take anything they want anywhere in the world?
ID: i7g8i9yYou have that privilege when you’re internationally untouchable
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Isn’t that theft? What’s the legal ground to just grab personal yachts
ID: i7g6dm0The same as seizing the proceeds from any other crime. The owner is being accused of money laundering amongst other things. Its no different than seizing property of any criminal.ID: i7g6sqxYeah it is theft but Russia/Billionaires bad, so most everyone on Reddit will cheer for it anywayID: i7gkt5jThey aren't allowed to sell them off... yet. In some cases, the seized property is used as a bargaining chip toward a future settlement. You maybe motivate the oligarchs to use their power and influence to bring a stop to this war.
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How can a Fiji court approve an american company to seize a russian asset. It just seems so sketchy.
ID: i7ggvh5It's the American government seizing it, not a US company. Governments cooperate all the time with seizing property and individuals wanted by another government for crimes committed not in the seizing country's jurisdiction. Do you think all criminals should just be able to cross a border and live scot-free?
- I mean the U.S. keeps stealing wheat heading to Syria, so they are pretty professional at piracy
- I really hate that they’re using the bullshit tactic of civil asset forfeiture.
- The US should just drive it out to the middle of the ocean and have a US navy warship just fucking destroy it, record the whole thing and put it online.
- Will be tied up in courts for years. More money spent on lawyers. 🙄
- LAW & ORDER: oligarch yacht squad!
- This kind of wealth inequality should make us all vote for increased taxation and closing of these off shore tax loopholes.
- America FUCK YEAH World police Edit: real talk though… I doubt Fiji was given much of an option.
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Hopefully various countries will seize the assets of wealthy Americans the next time the US starts a war
ID: i7h6rrgIf it’s an unjust one
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[deleted]
ID: i7g4xgkThat’s the mindset the Russians want you to have. Keep avoiding situations that do not concern you, until they are fully able to challenge you and actually have a chance of winning. Inaction didn’t work in the US’s favor in WW1&2.ID: i7gvitrI think it a fallacy to believe this has nothing to do with us. We live in a very connect global world, even more so than in the olden days where things like an empire’s expansion could and did cause issues for everyone else
- Can we just seize all mega yachts regardless if Russian owned or not. They are completely useless.
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What's the legal reasoning on allowing a country to seize the property of citizens of another country because of something their government is doing? I haven't seen it explained anywhere.
ID: i7gzdgnIt's specifically used against oligarchs profiteering off of the war. It's not used willy nilly against all rich Russians.
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The legal precedent this sets is something that needs thorough litigation and consideration on wether it’s a door that should even be opened in the first place; the KSA surely is eyeing the potential to seize foreign assets ported in the UAE peninsula if this becomes something that is seen as ‘ok’.
ID: i7ge5p5It's something that can be fixed after the fact with money. In the meantime, their pride and sense of power gets wrecked. With luck, Putin gets worried.
- Good work; get the American and European mega yachts while you're at it
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Fuck Russia, but also fuck any sort of civil asset forfeiture. This shouldn't be legal.
ID: i7h6pw8When it’s doing such a thing to the leaders of a hostile foreign power; This is certainly by far the least harmful way to tbe innocent of exerting pressure
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I really want the US govt to either sell these to buy weapons for Ukraine or donate them to aid agencies for evacuations or medial services. Would love for there to be images of these oligarchs yachts being used directly against them.
ID: i7g4hb6From the article: Legislation passed by the House of Representatives on April 27 would allow the U.S. to sell the yacht and other properties worth more than $2 million seized from Russian oligarchs in order to fund the Ukrainian war effort. President Joe Biden supports the bill, which has yet to pass the Senate.ID: i7g06d8Selling the yachts to fund Ukraine is literally the plan
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You people are all brainwashed idiots 😂
ID: i7gqcllI actually agree, but i dont understand the context of your comment...what are you talking aboutID: i7gez9zThe ones that are real and not shills and / or bots have drowned in the kool-aid.
- I'm just waiting for somebody like Nancy Pelosi to get caught throwing parties on her new megayacht.
- Fuck anyone that owns a mega yacht, but fuck the Russians in particular. Fueling that thing would support my family for 3 years easily.
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I feel bad for my love Amadea she just wants to have an owner for once 🙁 straight from the yard in 2017 she was up for sale until last year and now she’s going to be sitting docked somewhere all alone with no one to care for her.
Edit: you guys are assholes lol downvoting me because of a hobby I enjoy. Get a life.
ID: i7fnx16Look, I love a fine vessel. But boats like this shouldn't exist. They aren't monuments to man's love of the sea, they're status symbols. It's not art, it's obscenity. It's opulence and extravagance for the sake of itself, that happens to take the form of a boat.ID: i7fuzkiFuck her let it sink for all I care, waste of material and moneyID: i7fwc5o[deleted]
- I know they’re seizing a lot of these and auctioning them off to maybe support Ukraine with the money, but realistically they should publicly scuttle the damn things.
- I'm OK with the 99% taking over the 1% when I see this. And I'm not talking about this story since they're all jerking each other off.... But where in the fuck does someone need something like this. Let alone the gas and money to keep this bitch running. A reckoning is coming.
- 3rd party country gives their approval for 2nd party to steal first party's stuff. Riiiiiiiight. Sounds legit. Edit: Don't support Russia or their invasion of Ukraine, just laughing at the audacity of countries to just "approve" things like this like they have any real authority or right.
- Now Pelosi can buy it for cents on the dollar.
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Why seize it at all? Since there's an apparent question of ownership just scuttle it until the question is resolved. Don't need taxpayers paying for its upkeep anyway.
ID: i7fu71oDestroy private property because you don’t know who it belongs to? Are you insane?
- i hope google earth enthusiasts track em all down so we hear more stories like that
- You know what I was just thinking too? The fucking hero that we're gonna be, when the Bureau SEIZES THIS FUCKING BOAT, 'cause I mean, fuckity fuck fuck Vlad LOOK AT THIS THING! IT'S BEAUTIFUL! and you got the beautiful girls there, it's wonderful!
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What is with all the yacht seizures? Why are we obsessed with Russian yachts so much? Are we collecting them now? What are we going to do with all these big beautiful Yachts? Giant Yacht party? Turn them into little war boats?
ID: i7hhlrjThey will likely be sold and the money used to rebuild Ukraine after the war ends.
- Inb4 Brazil starts seizing US citizen assets in New Zealand so they can sell them and give the money to Afghanistan.
- HELL YEAH! Let's show these Russian commies who's boss! USA! USA! USA!
- Why does the USA want to steal some Russian's assets?
- Biden is a Butthead and I have zero confidence in his analysis that what he is doing with respect to the seizures is legal, it may be, but I haven’t done the work myself and I don’t trust him. But that’s not the point of my comment, the point of my comment is this is beyond a joke. The whole point of a ship is to have a whole separate little floating world that is infinitely mobile except that can’t fly but can move about the globe at will such that the only way you could really stop it is with equally mobile naval forces, and frankly the ships are probably fast enough to outrun much of those. So what are these Russkie morons do? They park them, they don’t keep them at sea, moving about, no they park them where they may be seized. Wot a joke. By contrast, I refer you to the rich history of blockade runners of naval history forever. See generally Sea Chase with John Wayne; The Sea Wolf in its many iterations from 1941 to recently on TV. And of course as someone else has pointed out, they are rather large vessels, microscopic when compared to the vastness of the seas (yes, even given satellite surveillance), but in port they stick out like four sore thumbs. Moreover, why not tie up in Chinese ports? Syrian? Iranian? North Korean? But mainly, it’s not like an airplane, it’s a ship! Go to sea, elude the bastards! Fair winds and following seas.
- That is just plain theft
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So now USA are basically acting like communists just taking other people stuff
ID: i7g7lfzLook up civil asset forfeiture. It’s nothing new
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ID: i7fa8uhWhy on earth would you go into international water and anchor there?ID: i7fcd0oI think it would be a LOT dumber to sit in international waters… when other countries can get to you or make you go boom. But what do I know.ID: i7fe5rtWhere in Russia would you go to party on a yacht? Russia has no equivalents to Fiji or the Amalfi Coast. Do you think Instagram "models" would be caught dead in Vladivostok?ID: i7ffbjfMy understanding is that these ships require a lot of maintenance. Eventually you have to dock somewhere to refuel, resupply, and fix stuff.ID: i7fjdjeThey could just float that shit into international waters, drop anchor, and then worry about refuel and resupply later. Honest question, have you ever seen the ocean in person?ID: i7f97tfWay easier to seize in international waters no court order required. You realize that all watercraft of this kind a trackable right? You can’t just hide it in the ocean lmao.. you clearly don’t own a seafaring watercraft.
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What specifically did the owner do to warrant this seizure, though? Just merely being Russian and rich?
ID: i7ghpi0They're one of the named Russian oligarchs "who have profited from Putin's rule and potentially apply internal pressure for Russia to scale back or call off the offensive in Ukraine."
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You mean to steal a boat that does not belong to you. Those are not the American values we were taught as children and continued to practice all our lives. What have you become? Pirate sPirates. You have no respect for our American values. You think people seeing you steal this boat have any respect for you. You are just another American low life using the power of your country to steal.
ID: i7ileb6cough Manifest Destiny cough.....cough imminent domain *cough
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Seize it, then scuttle it….
ID: i7fyhinPiece it out and give proceeds to the victims of the Russian terrorist state. Scuttling it is an environmental hazard and helps nobody.
- Next on the seized auction block, we a moderate sized party barge, do I hear 1 btc ? 2 btc? 3 btc. 4btc, 10btc, 50 btc, going once? Going twice.? Sold for 50 btc
- Let's relocate all of these seized physical assets to Ukraine. Then Ukraine should build an amusement park in the Crimea featuring theses assets. All monies to go to rebuild and repatriate. It will be a great big middle finger to Russia.
- 5 +fuel tankers haha, "green power"
- Bahahaha no one actually NEEDS this monstrosity. What people need is to feel safe in their own homes, affordable food and housing, affordable and easily accessible healthcare, and people who hold public office to care about their best interests. Seize this obscene display of wealth and give it to the people of Ukraine to do with it what they will.
- They are going to hide on yachts while we all die of starvation. Watch what happens when Bezos yacht is done.
- Imagine all the gold toilets and toilet paper holders that thing has.
- Turn it into a hospital boat.
- I guess buying these yachts is as close to burning dirty money as you can get
- Toys over Boys ....in the worst way
- Yacht as big as the Island.
- Can I have it? Your yacht… can I have it?
- Should put a photo of starving children and refugees next to every enormous yacht.
- Just here hoping for Truman Show references
- I wonder if the person who presented the warrant was captured so her twin brother shows up and a big battle ensues outside the Bermuda Triangle and Boba Fett accidentally gets knocked in but this time dies and so we get a Mando Season 3 instead
- Can someone explain to me who's actually handling all the seized Russian assets in the United States? Like I'm for it and all but how are are we self policeing to make sure this isn't just individuals in the government lining their pockets vs than this actually being put twords a just cause.
- Glad we have Fiji's permission.
- What is Fiji going to do with the Mega-yacht? Use it for parts?
- The story’s photo caption depicted that the ship was berthed in Istanbul on February 2020 and then the story said it arrived in Fiji in April of this year. Presuming that this thing didn’t go anywhere else off that course in that time the 1-2 million US dollars worth of diesel fuel for that journey works out to $60k/month just for fuel budget and maybe another 60k/mo for the 30 crew salaries and maybe maintenance parts costs of 10k/month. So even if you wanted to bid $1.00 dollar for this bad boy yacht, you’d need disposable income of 130k/ month just to run it! Pretty amazing. The internet search I made turns up that the Amadea yacht was sold for $325M USD… opulent details here
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When do we start sanctioning the companies that sell these monstrosities to oligarchs and tyrants?
ID: i7gdizaWe're okay with capitalism? Just not okay with the way these owners skimmed the capital.
- Destroy the abomination. All of them ideally.
- Hmmm. Wonder if these monstrosities of wealth are auctioned off? I doubt the owners will be able to reclaim them.
- ‘Nother oligarch mad at Putin ✅
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How many oligarchs does Russia have ffs
ID: i7gcxk5USSR had a lot of wealth to skim and many years to do it.
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We should convert them all into ferries, or dismantle this environmental disasters
ID: i7gcou1Convert them into research ships. Above or below surface. Solar powered plastics recovery sounds good.
- The Bolsheviks would have approved this
- When you own such a thing you won’t care about how much it cost to run it. If you want to get drunk you don’t count the shots…
- So many yachts in Russia.. Well not in.russia. where's the rest of the worlds yachts lol
- If you owned a yacht that big why even bother living on land anymore?
- How many mega pints can you store on it?
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The government's reason? "Because we said so"
ID: i7gl2jbThat's literally how all laws work. That's the basis of law.
- Interesting that the dude that owns that ship has Russian/Israel duel citizenship. Why is that? Why doesn't Israel extradite him to us?
- Yoink-Warrant approved
- Now seize Russia’s land
- holy crap you could move this boat onto land and use it as a restaurant or something.
- Can I buy it for a dollar?
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How do you physically seize something like this? Do the staff give up without a fight? Are police involved? Who is the captain while it's being seized?
ID: i7ghr9nIf cops show up to your work would you fight them for your boss?
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I'll need an ELI5 on how and why we are seizing private properties of Russian citizens because their country is at war with another. When the US had it's war with iraq, could another country have seized Leonardo DiCaprio's yacht?
ID: i7gkgi5If his yacht was in their jurisdiction, yeah, they could. When you go into another country, you become subject to their laws. If his bank was in that country, they could seize his money too.
- Does anyone have a list of all the seized boats?
- Thank you Fiji, love from NYC.
- That's one less yacht for Putin, one more yacht for Bezos.
- Convert it to a women's clinic and park it offshore from a red state.
- Maybe seize their US real estate holdings next?
- Can we also just destroy it? Because this is just free parking for these guys
- Why the US?? I'm so confused.
- Yoooo! Sum1 bout to loose their💩! That mf yachts is huge!
- I hope we sell all these properties were seizing and turn the money into aid for the civilians of Ukraine.
- Is it wrong that I think yachts look cool? Like no one individual needs a boat that large. But it’s neat.
- Of course not. The issue isn't that the thing exists it's what it's used for and how the owners own it
- All yachts look boring tbh
- Joe is probably going to give one to Hunter.
- Can any country do this to US citizens ? Should we as IS citizens fear such actions if the US is at war with another country ?
- Do you have a yacht worth hundreds of millions sitting around that could be taken? Are you directly responsible for any genocides? Something tells me you're pretty safe from any theoretical slippery slope argument.
- In theory, sure. You worried if a mega rich American has a toy stolen?
- These need to be destroyed. Not sold to anybody who could afford it.
- sieze it, sell it and give the money to the Ukrainians.
- It'll just get end up going to neo-nazis
- Lol Russia is gonna start trying to take our U.S. oligarchs yachts soon. Jeff Bezos better watch out!
- For those of you that want to know some good super yacht stories look up eSysman SuperYachts on you tube he's a seasoned crew member and has a ton of content talking about all kinds of stuff.
- What if, now hear me out. What if we move these to San Diego and use them for homeless shelters.
- I really hope some guy throws a petrol bomb on that or drills a hole in the hull
- What's going on with the yacht that Putin's connected to ready to leave Italy?
- How many refugees would one of these house?
- I wish they would convert it to military use. It just seems so funny to see troops in some billionaires pride and joy
- TF are we going to do with all these mega yachts, just auction them off to our own oligarchs??
- The size of the boot they must use on that thing eh?
- WHY is America taking this yacht? WHY is America getting involved in a Ukrainian / Russian conflict? WHY can't America stop being the "World Police"? Does American WANT Russia to declare war on America? What will America even DO with this yacht? This is all fucking stupid. The sanctions are stupid. America is hurting innocent people all over Russia, people that are so far from the conflict, that they are literally further away from Ukraine than New York is. America is making ALL of Russia hate Americans. I guess if America wanted a guaranteed enemy forever, than they are doing exactly what would lead to that. It is MY opinion though, that America needs to step out of this shit, and stop trying to control the entire world. Focus on our issues, and leave Russia and Ukraine to work on theirs, themselves.
- This is an opinion that is simply outdated. We live in a global, connected world. Isolationism basically cannot exists anymore and thus all issues are in fact our issues. Nothing good would come if letting Russia win and gain more influence. If nothing else, it would make America look quite terrible to the rest of the world by not living up to our states values, and perception in our largely democratic world matters. And on a more strategic side, letting an antagonistic power gain more power is just never good. Indeed: History proves doing nothing (appeasement) would actually make things like war more likely and worse in the future. It’s what happened in the 30s.
- Actually, the innocent people are in Ukraine, don't worry, it's an easy mistake to make. The Russian Revolution happened 100 years ago, and by any reasonable standard, the people of Russia are now officially responsible for their government. So, no.
- Omg lmao this is insane
- This is the Russian GDP. The whole thing.
- They should just blow it up.
- Damn. $325 million. Auction it and buy more weapons to Ukraine.
- Can we house Ukrainian regugees on it? Somewhere lovely & tropical?
- Casino Capitalism comrade
- Can I suggest that we seize literally every super yacht in existence, Russian or otherwise? Also all the wealth of the people who own them. Again, Russian or otherwise.
- Man, I want to know what we're doing with all these yachts... like are we just storing these at our Naval bases now? Cuase damn that's a big boat.
- Sell that bitch and pay for my gas 😂
- So let’s go get the one belonging to Putin I hear it’s been docked in Italy. Surely once it’s in International waters it can be seized as a sanction!
- Hey look it has its own shield generators up on the roof
- It’s great that we’re coming down on Russia for this stuff. But it should be noted that, financially, they’re sticking it to us. They’re now shipping ridiculous amounts of oil in rubles and rupees. That’s some dollar debasement right there.
- The way I CACKLED reading this
- Dear Fiji, I'll give you fifty bucks for it. Sincerely, Me
- Legal system is there to make perfidy perfectly legal. Bulletin ⚡️⚡️
- Admission of not reading the article or researching at all but what is done with these seizures? Auction?
- So they stole from Russia again. Yeah that definitely helps the situation
- Not from Russia. Russia did not buy the yacht.
- Why US congress people need some new yachts?
- No reason to even do it
- Ok. And where does this money go.
- Spelled out in the article.
- H9w about we dont antagonize Russia? Noone wants our country in a war.
- Unfortunately, history has proven that it’s even worse to appease than to at antagonize. We learned in the 30s this lesson
- Throughout the entire history of the US, we have known a grand total of 25 years where no military action took place. We are a country built on and for war.
- Someone is probably firing all the staff right now. Sad for them - none of this is their fault. Collateral damage is everywhere.
- Is there an Airbnb listing yet?
- Great way to create more terrorists.
- R/wallstreetbets loss porn
- Go get those Costa Rican living Russian oligarchs
- Some of these oligarch yachts cost more than Russia's lone aircraft carrier. That's why they're getting their ass whupped. 🤣
- Homer can now take Mr. Burns’ yacht on the high seas to gamble.
- Just how many yachts russia have ?
- Just a question is America trying to declare war on Russia? Seizing all these things. If Russia did this to the US during any US war, how would the US react?
- So basically US can just confiscate anything they like and sell it off. EDIT: Not saying Russia good. But from legalities stand point, I am curious that US could very well go after foreign adversaries as they please. Basically, as long as they are the only big bully, they can snatch away whatever they want from whoever they want.
- They can't do it arbitrarily. But yeah, if you're in the US, you are subject to US laws. Don't like it? Move your yacht to another country or international waters.
- Replying to your EDIT; Yes, that's how it has always worked. If the US could, they would just arbitrarily seize stuff. All countries would. That's why these laws exist. They constrain what countries can do. Most countries have extradition treaties with each other that govern the limits of this power. "Bully" is a subjective term. Anyone who thinks a law is unfair could call the people using the law a "bully". NAMBLA thinks that the US government is bullying them for not allowing them to have consensual sex with children, for example. Russia absolutely would do exactly the same thing and more if they could. They are not any different from the US. In this case, Fiji cooperated with the US. But if they refused to, there is nothing the US could do about it. Nothing short of invading them.
- Yes because they are thieves welcome to the NWO .I hate the anti christ
- You really think the money made from this yacht will go to ukraine? Yeah right.....
- It doesn't need to go to Ukraine. They're not seizing it for Ukraine.
- Is there any process on determining the owner is related to or benefits from the Russian government or we are publishing Russians in based on nationality alone. Iam asking because if a yacht is OK to seize, how about my Russian neighbor's BMW? Can we take that from him too?
- These poor Russian citizens.
- How about loading it with troops and sending it back?
- really important so much making everyones existence better keep up the worthwhile warrant writing and super boat seizures
引用元:https://www.reddit.com/r/news/comments/uiwqmv/court_in_fiji_approves_us_warrant_to_seize/
