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☆ Who Are Key Players in the Menendez Case?
▼ + stars: | 2024-05-11 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +7 min

Who Are Key Players in the Menendez Case? Mr. Menendez goes to trial on May 13 with two of the businessmen, Fred Daibes and Wael Hana. Fred Daibes New Jersey Real Estate Developer Mr. Daibes is accused of giving Mr. Menendez furniture, gold and cash. Nadine Menendez Mr. Menendez’s Wife Ms. Menendez served as a go-between for Mr. Menendez, Egyptian intelligence officials and men who were seeking political favors from the senator, according to the indictment. Defense LawyersAdam Fee Lawyer for Robert Menendez He previously spent five years as a prosecutor in the U.S. attorney’s office for the Southern District — the same office prosecuting Mr. Menendez.

Persons: Menendez, Robert Menendez, Nadine Menendez, Mr, Fred Daibes, Wael Hana, Menendez's, Daibes, Nadine Menendez Mr, Menendez’s, Ms, Jose Uribe, Uribe, Uribe's, Sidney H, Stein, Bill Clinton, Jennifer Shah, Hassan Nemazee, Damian Williams, Williams, President Biden, Sam Bankman, Fried, Juan Orlando Hernández, Christina Clark, Clark, Charles McGonigal, Catherine Ghosh, Eli Mark, Paul Monteleoni, Robert Hadden, Lara Pomerantz, Ghislaine Maxwell, Jeffrey Epstein, Norman Seabrook, Daniel Richenthal, Sheldon Silver, Michael Avenatti, Adam Fee, Fee, Avi Weitzman, Lawrence Lustberg Organizations: Democrat, Robert Menendez New Jersey, Senate Foreign Relations, Jersey Real, EG, Prosecutors, United, Jose Uribe Former New, Benz, U.S, Southern, of, Democratic, Attorney, Southern District of, ex, Public, New, New York City Housing Authority, Justice Department, Southern District’s, New York State Assembly, Nike . Defense, Southern District Locations: New Jersey, Manhattan, Jersey, Egypt, Qatar, United States, Jose Uribe Former New Jersey, of New York, Southern District, Southern District of New York, Russian, New York City, Brooklyn, Columbia, New York, U.S, California

Here's how much it costs to own a superyacht — and what that money is going toward. Billionaires like Jeff Bezos, Mark Zuckerberg, and Steve Jobs each spent nine figures on their megayachts. Some superyachts have space for dozens of crewmembers, including a chef, engineer, and masseuse for the guests onboard. If a superyacht has a support yacht — or a support superyacht, in Bezos' case — expect to pay another 10% of that boat's price annually. "If you charter the boat for 50 days a year, it's going to help a lot," Anders Kurtén, the CEO of brokerage firm Fraser Yachts, told BI.

Persons: you'd, Jeff Bezos, Mark Zuckerberg, Steve Jobs, Jeffrey Beneville, Eric Schmidt's, Matthew Fleissig, NFP's Beneville, it's, Anders Kurtén, Beneville Organizations: Palm, NFP, BI, Yachts Locations: South China, Russian, San Diego

☆ Eric Schmidt was supposed to buy a yacht once owned by a Russian oligarch. Here's the one he bought instead.
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Eric Schmidt backed out of buying the Alfa Nero megayacht last year. The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million. AdvertisementLast year, Eric Schmidt made waves in the yachting community when news came out that he was the soon-to-be owner of the Alfa Nero, an 81-meter megayacht that belonged to a sanctioned Russian oligarch. But as the sale proceedings went on, legal challenges piled up as people laid claim to Alfa Nero, and Schmidt backed out of the deal. In September 2023, just three months after he won the Alfa Nero auction, the billionaire purchased Kismet, renaming her Whisper, Business Insider has learned.

Persons: Eric Schmidt, Alfa Nero megayacht, Shahid Khan, —, Alfa Nero, Schmidt, Marcus Brandt, Shahid Khan — Organizations: Alfa, Service, Google, Bloomberg, Getty, Jacksonville Locations: Russian, Antigua, Barbuda, Russia, Ukraine, Caribbean

☆ The largest yachts owned by tech billionaires, from Mark Zuckerberg to Jeff Bezos
▼ + stars: | 2024-05-05 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A few years after he and his wife divorced, Jeff Bezos shelled out on a megayacht. Earlier this year, just before his 40th birthday, Mark Zuckerberg became the rumored owner of a yacht originally built for a Russian oligarch. While many tech billionaires have bought yachts, the richest of the rich, like Bezos, Zuckerberg, and Oracle cofounder Larry Ellison, have gone bigger. AdvertisementHere are the largest yachts owned by tech billionaires, listed in order of length.

Persons: —, Joe, Jeff Bezos, Bezos, Lauren Sanchez, Mark Zuckerberg, Superyachts, Giovanna Vitelli, superyachts, Zuckerberg, Larry Ellison, Evan Spiegel Organizations: Service, Business, Oracle Locations: Russian

Whispering in the ears of the billionaires and celebrities doing the buying, however, are investment bankers. Like other sports bankers BI interviewed for our list of top sports bankers, he exemplified a good-humored, approachable attitude, including joking about his many sports allegiances. Related stories"Earlier in my career, I made the mistake of telling Bob Kraft that I was a New York Jets fan," Carey told BI recently. They're obsessive Jets fans, and they're just fans because I'm a Jets fan," Neville told BI. So that's why we'll be Jets fans forever."

Persons: it's, Goldman Sachs, Greg Carey, everyone's, Carey, Colin Neville's, he's, David Beckham, Steve Ballmer, Joe Tsai, Ballmer, Tsai, Neville, Andrew Kline, Kline, Bob Kraft, I'm, Robert Tilliss, There's, Abramovich, Vladimir Putin, Todd Boehly, Joe Lenehan, Michael Arougheti, David Rubenstein's, doesn't, there's Organizations: NBA, JPMorgan, Business, The, PJT Partners, Chelsea FC, Baltimore Orioles, Sports, Goldman, Endeavor, WWE, Microsoft, Beckham's, Los Angeles Clippers, Brooklyn Nets, Barclays Center, St, Louis Rams, Los Angeles Rams, Golden State Warriors, Miami Heat, Harvard, US Rugby National, Cal, New York Jets, BI, Patriots, Giants, Rays, Chelsea, Circle, Atlanta Hawks NBA, New York Mets, NFL, soccer's Premier League, Russian, Chelsea football, LA Dodgers, Yankees, Manchester United Games, Jets, we'll Locations: European, Los Angeles, Berkeley, Barcelona, Ukraine, New York

☆ Russian oligarchs can't buy superyachts — but rich Americans are helping to fill the void
▼ + stars: | 2024-04-17 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Superyacht sales fell 17% in 2023, but still stayed above pre-COVID levels. Sanctions imposed on Russian oligarchs dented the market, but America helped split the difference. AdvertisementBoth new and used superyacht sales of vessels longer than 100 feet fell again 2023 — in part due to sanctions imposed on Russian oligarchs. AdvertisementSales for superyachts over 200 feet slowed more than their smaller counterparts due to high pricing and longer build times, according to the report. That said, SuperYacht Times' head of intelligence, Ralph Dazert, told Business Insider that sales in America are helping to fill some of the void.

Persons: —, Ralph Dazert, Dazert Organizations: America, Service, SuperYacht Times, Yachting Locations: Florida, America, Russian

☆ Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
▼ + stars: | 2024-04-17 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Dazert said he expects new superyacht sales to "go down a little bit further this year" given the continued costs and delays. Sales of new superyachts (yachts over 100 feet long) fell 17% last year, according to the new SuperYacht Times' State of Yachting report. Superyachts sales took a dive in 2023, as long waiting lists, soaring costs and oligarch sanctions hit demand, according to a new report. Americans are picking up some of the slack, accounting for nearly a quarter of all superyacht sales last year. There are now nearly 6,000 superyachts, triple the number in 2002, according to SuperYacht Times.

Persons: Dazert, Ralph Dazert, Robert Frank Organizations: SuperYacht Times, Times, of Yachting Locations: Times ', Russia, Ukraine, Eastern, Saudi

☆ A teen posing as an oligarch's son mysteriously jumped to his death after befriending a gangster and a crypto millionaire
▼ + stars: | 2024-04-10 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +9 min

Rachelle and Matthew Brettler told The New Yorker that their son, an aspiring entrepreneur who attended a $38,000-a-year private school, had big plans for his future. An unnamed friend of Brettler's told The New Yorker that he believed he was "being threatened by someone." Just over one year after Brettler's death, Sharma was found dead in his apartment in December 2020. AdvertisementShamji moved to the US after Brettler's death, the Daily Mail reported. They said the investigation into Brettler's death "lasted a number of years and we dedicated significant resource to finding answers."

Persons: Zac Brettler, Brettler, —, Rachelle, Matthew Brettler, hadn't, Akbar Shamji, Verinder, Dave, Sharma, Zac Ismailov, Shamji, It's, There's, Brettler's, Tom Shaw, allen, ade Organizations: The Times, Service, London's Metropolitan Police, Dukas, New Yorker, Sunday Times, Times, Metropolitan Police, Business, Yorker, The Sunday Times, Getty, Mercedes, ust Locations: London, Russian, Yorker, New, Mayfair, Kazakhstan, Riverwalk

☆ Judges just unsanctioned 2 Russian oligarchs worth almost $20 billion
▼ + stars: | 2024-04-10 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

A top EU court struck down sanctions against two billionaire Russian oligarchs on Wednesday. Judges found there was insufficient evidence that they had backed Vladimir Putin's war in Ukraine. The oligarchs, Mikhail Fridman and Petr Aven, are worth almost $20 billion combined, per Bloomberg. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJudges in Brussels struck down sanctions against two Russian billionaires on Wednesday, potentially handing Moscow a big win as the war in Ukraine rages on.

Persons: Vladimir Putin's, Mikhail Fridman, Petr Aven, —, they'd Organizations: EU, Bloomberg, Service, Moscow, European Union, Business Locations: Ukraine, Brussels, European

☆ Angelina Jolie alleges ‘history’ of Brad Pitt’s physical abuse prior to 2016 plane ride in new Miraval filing
▼ + stars: | 2024-04-04 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

CNN —Angelina Jolie and Brad Pitt’s fight over the French winery they once owned together is coming to a head and reigniting older conflicts, as new legal documents allege a “history of physical abuse of Jolie” on the part of Pitt prior to their fateful plane ride in 2016. Pitt refused to purchase Ms. Jolie’s interest when she would not be silenced by his NDA. The ongoing legal proceedings and “Pitt’s unyielding attempts to control and punish Jolie continue to take a huge emotional and financial toll on her and their family,” the filing reads. Legal proceedings as they pertain to the Miraval dispute also remain ongoing. The former couple purchased the country estate and winery in the south of France in 2008.

Persons: Angelina Jolie, Brad Pitt’s, Jolie ”, Pitt, Jolie, ” Jolie, “, ”, Mr, ” Paul Murphy, Brad, del, Yuri Shefler, “ Jolie Organizations: CNN, Los Angeles Superior Court, ” CNN, FBI, Pitt, Stoli Locations: France, Los Angeles, Russian

☆ Insiders still have no idea what's going to happen to Russian oligarchs' seized superyachts
▼ + stars: | 2024-03-26 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Many of their superyachts were seized or frozen, leading industry insiders to question their fate. The war prompted many governments to enact sanctions against Russia's richest, including seizing their superyachts worth hundreds of millions of dollars. At least a dozen superyachts — worth well over $1 billion combined — have been affected. Russia's sanctioned superyachts are hard to buy and sellThe first problem is that many of the yachts are "frozen" — not seized. "How does it look if you bought a Russian boat?"

Persons: It's, —, Russia's, I've, Julia Simpson, Thompson of Monaco, it's, Joshua Naftalis, Ralph Dazert, Alfa Nero, Eric Schmidt, Simpson Organizations: Service, Russia's, Palm, SuperYacht, Thompson, Pallas Partners, SuperYacht Times Locations: Russia, Ukraine, Russian, San Diego, Antigua, Barbuda, Maldives, Montenegro, Dubai

☆ I tutored the children of Russia's elite amid the backdrop of war. One teenager said he had his own massage therapist.
▼ + stars: | 2024-03-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The agency counted some of Russia's elite among its clientele — so I was quickly thrust into a world of private jets, guarded estates, and personal chauffeurs. I worked in Moscow until Russia's full-scale invasion of Ukraine in February 2022, when I was relocated to Monaco. I have a massage every day, I have my own massage therapist," he told us. AdvertisementBut the children often brought the topic up themselves, their comments ringing with the ideology they had likely absorbed at home.

Persons: —, Cameron Manley, Barts, Vladimir Putin, Ivan, Alexei, Elena, It's, Philippe Jacquemart, Jorg Greuel, Putin, Sasha Mordovets, getty, wryly, Elizaveta Organizations: Service, Business, Monaco penthouses, Monaco, Mandoga, Getty, Mercedes, Benz, United Arab, Russia's, Sirius Locations: Moscow, Ukraine, Monaco, St, Caribbean, Rublevka, Saint, Nice, France, Russia, United Arab Emirates, Dubai, Russian, Sochi, Kyiv

☆ Opinion: Intelligence briefings for Trump are risky – but so is denial of briefings
▼ + stars: | 2024-03-13 | by ( Opinion Frederick D. Baron | Dennis Aftergut | ) edition.cnn.com time to read: +8 min

The White House reportedly plans to follow tradition and authorize national security briefings for Trump after he officially becomes his party’s nominee at the Republican National Convention in July. Serious financial need is a top reason for denial of clearances for federal government positions requiring access to classified national security information, due to vulnerability to bribery or coercion. Given the risks posed by Trump’s access to national security intelligence, we must ask whether Biden’s asymmetrical belief in sticking to political norms is an Achilles heel. In opting to provide intelligence briefings to candidate Trump, they are likely to impose conditions on the briefings for security reasons. In granting intelligence briefings to his rival, he clearly reasoned that preserving a nonpartisan tradition was the wisest decision at this difficult moment in the nation’s history.

Persons: Frederick D, Baron, Dennis Aftergut, Donald Trump, Joe Biden, Frederick Baron, Cooley, Biden, Trump, Jamie Raskin, Robert Hur’s, Jack Smith, Raskin, “, Putin, ”, Steve Benen, John Bolton, Obama, John Brennan, Adam Schiff, • Organizations: of National Security, Department of Justice, Intelligence, Defending American Democracy, CNN, Trump, White, Republican National Convention, Sensible, Southern District of, Maryland, Foreign Relations, Helsinki Trump, NATO, MSNBC, Mar, National Security Council, National Security, CIA, House Intelligence, Thursday’s State, Union Locations: Southern District, Southern District of Florida, Russia, Helsinki, “, New York, Thursday’s

☆ Rupert Murdoch's new Russian fiancée ties him to a sprawling web of money — with some surprising connections
▼ + stars: | 2024-03-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

His fiancée, Elena Zhukova, was once married to Alexander Radkin Zhukov, a Russian oligarch. Her daughter, Dasha Zhukova, was married to Roman Abramovich from 2008 to 2017. Daniele Venturelli/WireImage via Getty ImagesZhukova shares a daughter with Zhukov, Dasha Zhukova. Dasha Zhukova is now married to Stavros Niarchos, the grandson of a Greek shipping tycoon. AdvertisementDasha Zhukova married Stavros Niarchos in January 2020.

Persons: Rupert Murdoch, Elena Zhukova, Alexander Radkin Zhukov, Dasha Zhukova, Roman Abramovich, —, Murdoch, Vladimir Putin, Zhukova, Wendi Deng, Zhukov, hasn't, Daniele Venturelli, Dasha, Abramovich, Putin, backchannel, Vladimir Putin's backchannel, Mikhail Svetlov, Stavros Niarchos, Lexie Moreland, Murdoch didn't Organizations: Service, The Daily Mail, Guardian, Times, Getty, Premier League soccer, Chelsea Football Club, European Union, Penske Media, News Corp, Business Insider Locations: Russian, Italy, London, Russia, Ukraine, New York, Switzerland

☆ Russian oligarch went to Moscow in effort to broker complex prisoner exchange that included Navalny, sources say
▼ + stars: | 2024-03-08 | by ( Sebastian Shukla | Alex Marquardt | ) edition.cnn.com time to read: +8 min

CNN —A multi-country prisoner exchange that might have freed Russian opposition leader Alexey Navalny was being discussed and progressing when he died last month, multiple sources have told CNN, and included the direct involvement of a Russian oligarch, Roman Abramovich. However, a source close to Navalny’s team told CNN that on the evening of February 15 they had received word that a message had been delivered to Putin. Clinton “initially passed on the message” to US National Security Adviser Jake Sullivan, Grozev told CNN. “We had to find a way to package the German asset [Krasikov] into an American negotiation,” the source close to the Navalny team said. Getting the message to Putin was one of the greatest challenges, the individual close to the Navalny team told CNN.

Persons: Alexey Navalny, Roman Abramovich, Navalny, Abramovich, Hillary Clinton, Vladimir Putin, Putin, Maria Pevchikh, “, ”, Dmitry Peskov, it’s, Christo Grozev, Clinton, Grozev, Biden, Viktor Bout, Brittney Griner, Clinton “, Jake Sullivan, Sullivan, Pevchikh, Vadim Krasikov, Krasikov, Tucker Carlson, Evan Gershkovich, Paul Whelan, Whelan, Gershkovich, Whelan –, Sergey Vladimirovich Cherkasov, ” Abramovich Organizations: CNN, United Arab, Kremlin, IK, Aspen Ideas, FSB, US National, National Security, Wall Street, Krasikov, Navalny, US Department of Justice Locations: Russian, Moscow, United Arab Emirates, Ukraine, Siberia, Western, Russia, Aspen, Colorado, Berlin, Chechen, Europe, Germans, Brazil

☆ A Russian oligarch's megayacht seized by the US is costing taxpayers a fortune, and the government is desperate to sell
▼ + stars: | 2024-03-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A Russian oligarch's seized megayacht is costing US taxpayers $922,000 a month, a court filing says. Another Russian billionaire is claiming ownership of the yacht and opposing attempts to sell it. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Russian oligarch's megayacht is costing taxpayers almost $1 million a month after the government seized it, court filings say.

Persons: megayacht, there's, —, Suleiman Kerimov, It's Organizations: Service, Business Locations: Russian, Fiji, San Diego

☆ Rupert Murdoch is engaged to marry – again
▼ + stars: | 2024-03-07 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +2 min

CNN —Within a year of calling off his last wedding, nonagenarian billionaire Rupert Murdoch has popped the question to another partner, months after they started dating. It’s the second time Murdoch has been engaged in a year. Last March, the media titan announced plans to marry Ann Lesley Smith, a former dental hygienist and conservative radio host. Murdoch and Zhukova reportedly started dating in the summer and plan to marry at Moraga Bel Air, Murdoch’s luxury vineyard and estate in California. Murdoch was previously married to former flight attendant Patricia Booker, journalist Anna Murdoch and entrepreneur Wendi Deng, who reportedly introduced him to Zhukova.

Persons: Rupert Murdoch, It’s, Murdoch, Ann Lesley Smith, Elena Zhukova, Zhukova, Dasha, Abramovich, Lachlan, Patricia Booker, Anna Murdoch, Wendi Deng, Jerry Hall, Smith, “, ” Organizations: CNN, News Corp, The New York Times, Moraga Bel Air, Bloomberg’s, News Corporation, Fox Corporation, Fox News Locations: California, Russian

☆ Russian oligarch's yacht is costing U.S. taxpayers close to $1 million a month
▼ + stars: | 2024-03-06 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings. The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire Suleiman Kerimov. The government said it wants to sell the $230 million yacht due to the "excessive costs" of maintenance and crew, which it said could total $922,000 a month. European Commission President Ursula von der Leyen said last week that the European Union should use profits from more than $200 billion of frozen Russian assets to fund Ukraine's war effort. Yet, nearly two years later, the legal process for proving ownership of the Russian assets and selling them has proven to be far more time-consuming and costly.

Persons: Suleiman Kerimov, Ursula von der Leyen, Vladimir Putin, Eugene Shvidler, Sergei Naumenko, Phi Organizations: U.S, U.S . Department of Justice, Amadea, European Union Locations: San Diego , California, Amadea, Ukraine, European, London, Russian

☆ US has spent about $20 million to maintain superyacht seized from a Russian oligarch
▼ + stars: | 2024-03-06 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —The US government is spending nearly $1 million a month to maintain a luxury superyacht seized from a sanctioned Russian oligarch as part of the Justice Department’s effort to put pressure on the Kremlin. The superyacht was seized while docked in a port in Fiji in 2022 by local law enforcement officials and the FBI. Now, federal prosecutors have asked a judge for permission to sell the vessel saying its expenses are excessive and has cost the government about $20 million, according to recent court filings. The monthly costs total roughly $600,000 to maintain the yacht, plus $144,000 in insurance, according to court records. Maintaining the Amadea is certainly expensive, and Claimants never intended for U.S. taxpayers to shoulder that burden.

Persons: Suleiman Kerimov, Eduard Khudainatov, they’ve “ Organizations: CNN, Kremlin, FBI, US Marshals Service, Millemarin Investments, ” Prosecutors Locations: Russian, Fiji, San Diego

CNN —Negotiations to release Russia’s opposition leader Alexey Navalny in a prisoner swap had reached their “final stage” just before his sudden death, a top aide to Navalny has said. “Navalny was supposed to be free in the coming days because we had achieved a decision on his exchange,” Pevchik said. Putin had recently signaled his interest in a prisoner exchange with the West involving Krasikov and Gershkovich. Pevchik claimed that Russian oligarch Roman Abramovich had served as “an informal negotiator” and delivered the prisoner swap proposal to Putin. Navalny’s body was returned to his mother on Saturday, more than a week after his death.

Persons: Alexey Navalny, ”, Navalny, Vadim Krasikov, Maria Pevchik, ” Pevchik, “, ” Navalny, CNN’s Matthew Chance, Dmitri Peskov, Ebrahim Noroozi, Matthew Miller, Evan Gershkovich, Paul Whelan, Putin, Tucker Carlson “, Navalny “, Lyudmila Navalnaya, Pevchik, nodded understandingly, Henry Kissinger, Kissinger, Abramovich, Navalnaya, Alexey, ” Peskov, ” Kira Yarmysh, Alexey ” Organizations: CNN, YouTube, CNN’s, State Department, Wall Street, Fox News, Kremlin, “ Locations: Russian, Germany, Chechen, Berlin, Russia, Krasikov, Siberia, Ukraine, “

Justice Department prosecutors had recommended sentencing McGonigal to a prison term of two years and six months for the Washington case alone. McGonigal was scheduled to report to prison next month to begin serving his sentence in the New York case. McGonigal was separately charged with concealing his ties to the former Albanian official, a naturalized U.S. citizen who was living in New Jersey. McGonigal pleaded guilty last September to concealing material facts, a charge punishable by a maximum prison sentence of five years. McGonigal didn't need more prison time beyond his 50-month sentence in New York “to serve the ends of justice,” Ducharme argued.

Persons: —, Charles McGonigal, Colleen Kollar, McGonigal, ”, Kollar, “, Oleg Deripaska, didn't, McGonigle, Elizabeth Aloi, Seth Ducharme, ” Ducharme Organizations: WASHINGTON, FBI, U.S, Justice Department, Albanian Locations: New York, U.S, Albanian, Washington ,, Washington, Russia, Crimea, New Jersey, Albania, Russian, Europe

☆ The US wants to auction off an oligarch's seized $300 million yacht that's been racking up $600,000 a month in maintenance
▼ + stars: | 2024-02-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

The US wants to auction a $300 million superyacht seized from a Russian oligarch due to high maintenance costs. Another Russian oligarch, Eduard Khudainatov, claims to own the yacht and wants it back. AdvertisementThe US wants to sell a $300 million superyacht seized from a Russian oligarch because it's getting too expensive to maintain it, a court filing from Friday shows. The problem is that another Russian oligarch, Eduard Khudainatov, claims to own the yacht and wants the vessel back. They told Bloomberg in a statement that the seizure was "unlawful" and that their client would pay the US back for the maintenance of the Amadea yacht.

Persons: Suleiman Kerimov, Eduard Khudainatov, —, it's, Amadea, Khudainatov hasn't Organizations: Service, US Department of Justice, US, Khudainatov, Bloomberg, Court, Southern District of Locations: Fiji, Russian, Southern District, Southern District of New York

☆ 5 Takeaways From the Sotheby’s Art Fraud Trial
▼ + stars: | 2024-01-31 | by ( Graham Bowley | Colin Moynihan | ) www.nytimes.com time to read: 1 min

Over the course of three weeks, the art world watched as a Russian oligarch pursued a lawsuit in an American court in which he accused Sotheby’s of abetting a fraud. Sotheby’s, he said, was in on it. But after only a few hours of deliberation on Tuesday, the jury found differently, voting unanimously that Sotheby’s had not played a role in any fraud. The dealer, Yves Bouvier, who was not a defendant in the case, said he felt vindicated too. Bouvier has long insisted that he did nothing wrong and that he was always clearly acting as a dealer, free to charge Rybolovlev whatever price the Russian would pay.

Persons: Russian oligarch, Dmitry Rybolovlev, Sotheby’s, Yves Bouvier, Bouvier Locations: Russian, New York, Swiss

☆ 'The Davos underground': A final take on the secretive parties of the world's rich and powerful
▼ + stars: | 2024-01-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.

Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, —, Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss

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