yacht seizures

What grounds are the authorities using to seize the Russian oligarchs yachts ?


Credit Suisse put out a lot of loans on these, and private jets for the oligarchs. Now stories are coming out that the bank requested the paperwork be destroyed. This bank is always in the middle of something.

What grounds are the authorities using to seize the Russian oligarchs yachts ?

Originally Posted by VitaMan

I typed in your opening line, something I suspect you are capable of doing and got this, but then I can't be sure it wasn't a rhetorical question, can I..


https://www.nbcnews.com/politics/politics-news/us-wants-seize-russian-oligarchs-yachts-homes-jets-legal-rcna18278


President Joe Biden gave a stern warning Tuesday night to Russia's richest billionaires and business elite that the United States and its allies will "find and seize their yachts, their luxury apartments, their private jets" in retaliation for the country's military invasion of Ukraine.


"We're coming for your ill-begotten gains," Biden said during his State of the Union address to applause from both Democrats and Republicans.


On Wednesday, the Department of Justice announced the formation of a special unit, the Task Force KleptoCapture, that will lead the charge to seize proceeds from "the crimes of Russian oligarchs." One of its first steps will be locating their U.S.-based holdings — an onerous undertaking because many are known to launder their money through real estate, as well as other alternative assets, such as art, jewelry and yachts. And financial experts say those oligarchs are able to cloak their true identities as owners by creating shell companies and benefiting from major disclosure loopholes in private equity and luxury goods.
Tracing money and asset ownership through foreign banks, while a time-consuming and Byzantine process, is already being done by a Justice Department-operated "kleptocracy unit" launched in 2010, said Stefan Cassella, a former federal prosecutor and an expert in asset forfeiture law. But the creation of an official task force specifically targeting Russian oligarchs is an encouraging sign, he said, because it shows "resources are being added so now they can take on more of these cases."


If federal investigators connect the dots between an oligarch and that person's assets here, what then is the likelihood the U.S. government can swoop in and ultimately confiscate the individual's sources of wealth?


For starters, it's legal under the Civil Asset Forfeiture Reform Act, which has its roots in the 18th century when America would seize cargo from foreign ships that didn't pay a customs or import tax. It also grew in use as a drug law enforcement tool in the 1980s, and it's a common tool against terrorists and fugitives.


The law allows one's assets to be forfeited to the federal government in connection with a long list of federal or foreign crimes, but it's a separate action from any criminal litigation. Civil forfeiture laws have become popular ways for state and local governments to raise revenue, although critics say it's a practice abused by law enforcement to profit off of criminal activity.

I typed in your opening line, something I suspect you are capable of doing and got this, but then I can't be sure it wasn't a rhetorical question, can I..


https://www.nbcnews.com/politics/politics-news/us-wants-seize-russian-oligarchs-yachts-homes-jets-legal-rcna18278


President Joe Biden gave a stern warning Tuesday night to Russia's richest billionaires and business elite that the United States and its allies will "find and seize their yachts, their luxury apartments, their private jets" in retaliation for the country's military invasion of Ukraine.


"We're coming for your ill-begotten gains," Biden said during his State of the Union address to applause from both Democrats and Republicans.


On Wednesday, the Department of Justice announced the formation of a special unit, the Task Force KleptoCapture, that will lead the charge to seize proceeds from "the crimes of Russian oligarchs." One of its first steps will be locating their U.S.-based holdings — an onerous undertaking because many are known to launder their money through real estate, as well as other alternative assets, such as art, jewelry and yachts. And financial experts say those oligarchs are able to cloak their true identities as owners by creating shell companies and benefiting from major disclosure loopholes in private equity and luxury goods.
Tracing money and asset ownership through foreign banks, while a time-consuming and Byzantine process, is already being done by a Justice Department-operated "kleptocracy unit" launched in 2010, said Stefan Cassella, a former federal prosecutor and an expert in asset forfeiture law. But the creation of an official task force specifically targeting Russian oligarchs is an encouraging sign, he said, because it shows "resources are being added so now they can take on more of these cases."


If federal investigators connect the dots between an oligarch and that person's assets here, what then is the likelihood the U.S. government can swoop in and ultimately confiscate the individual's sources of wealth?


For starters, it's legal under the Civil Asset Forfeiture Reform Act, which has its roots in the 18th century when America would seize cargo from foreign ships that didn't pay a customs or import tax. It also grew in use as a drug law enforcement tool in the 1980s, and it's a common tool against terrorists and fugitives.


The law allows one's assets to be forfeited to the federal government in connection with a long list of federal or foreign crimes, but it's a separate action from any criminal litigation. Civil forfeiture laws have become popular ways for state and local governments to raise revenue, although critics say it's a practice abused by law enforcement to profit off of criminal activity. Originally Posted by HedonistForever

He's going after Russia's richest. Didn't Hunter Biden make a lot of money from these people? So if their money is ill gotten and they gave some to Hunter, wouldn't that make Hunter's millions ill gotten by association?

He's going after Russia's richest. Didn't Hunter Biden make a lot of money from these people? So if their money is ill gotten and they gave some to Hunter, wouldn't that make Hunter's millions ill gotten by association? Originally Posted by Levianon17

Why yes, it would but we'll have to wait for a Republican House to start that investigation assuming any of us are alive come Nov.

After the Democrats hold the majority in November …

After the Democrats hold the majority in November … Originally Posted by Yssup Rider

the Demon NAZI's are going to lose their ass in November. America is rejecting the Democratic Socialist NAZI party.

in 5 years ..

"Dad .. what's a Democrat?"

"Well son the Democrats were a far leftist radical NAZI socialist party that wanted to destroy America so they were outlawed."


BAAAAHHHAAAA

the Demon NAZI's are going to lose their ass in November. America is rejecting the Democratic Socialist NAZI party.

in 5 years ..

"Dad .. what's a Democrat?"

"Well son the Democrats were a far leftist radical NAZI socialist party that wanted to destroy America so they were outlawed."


BAAAAHHHAAAA Originally Posted by The_Waco_Kid

Outlawed?? Ahh NO!

In 5 years they will be extinct. As they cannot breed!


bahahahahahahahahahahahahahaha hhaa

Outlawed?? Ahh NO!

In 5 years they will be extinct. As they cannot breed!


bahahahahahahahahahahahahahaha hhaa Originally Posted by winn dixie

like the dinosaurs

BAAHHHHAAAAA

When did VMs bank repossess his Bayliner?

yacht seizures

like putin gives a care

When did VMs bank repossess his Bayliner? Originally Posted by bambino

Doing fine and enjoying the weekend. Another lie from Bambino.

When did VMs bank repossess his Bayliner? Originally Posted by bambino

How do you know he has one to "repossess"?

That reminds me of an old appropriate joke with the following ending:

"If it flies, floats, or fucks .... rent it."

I am inviting the following for a week long yacht cruise on my Bayliner:


TWK
YR
LL
Bambino
Salty


Who will survive ?

I am inviting the following for a week long yacht cruise on my Bayliner:


TWK
YR
LL
Bambino
Salty


Who will survive ? Originally Posted by VitaMan

What's it going to do, sink?

The difference between Russia and the United States:


Russia.......12 people have these





United States....thousands of people have these