The US treasury has for a second time ordered the auction of an arrested superyacht in the wake of criminal investigations into a fraudulent investment scheme.
Miss Kimberly an 87ft (26m) Warren S87 motoryacht is amongst the seized assets of Scott Rothstein, a once-prominent Floridian attorney who has pleaded guilty to running a $1.2 billion ‘Ponzi scheme’ between 2005 to 2009.
Rothstein has admitted selling stakes in non-existent confidential settlement agreements such as pre-litigation negotiations in sexual harassment or whistle-blower cases which he said involved individuals who wanted to keep details quiet.
The yacht named after Rothstein’s wife (who hasn’t been charged) was built in 2007 with twin MTU diesels which have just over 450 hours apiece on them. She has a top speed of around 34kt and a cruise speed of 28kt.
Bidders are asked to present a minimum deposit of $200,000 in the form of a cashier’s cheque on the day of the sale (June 3rd, 2010).
Besides Miss Kimberly, the auction also features a 55ft Sea Ray Sundancer, a 50ft Nor-Tech Supercat, and a 33ft Riva Aquariva Super.
The yacht, the boats, and a fleet of cars including a Ferrari Spyder, Bugatti Veyron, and Rolls-Royce Phantom are all being sold “as is, where is.”
Miss Kimberly an 87ft (26m) Warren S87 motoryacht is amongst the seized assets of Scott Rothstein, a once-prominent Floridian attorney who has pleaded guilty to running a $1.2 billion ‘Ponzi scheme’ between 2005 to 2009.
Rothstein has admitted selling stakes in non-existent confidential settlement agreements such as pre-litigation negotiations in sexual harassment or whistle-blower cases which he said involved individuals who wanted to keep details quiet.
The yacht named after Rothstein’s wife (who hasn’t been charged) was built in 2007 with twin MTU diesels which have just over 450 hours apiece on them. She has a top speed of around 34kt and a cruise speed of 28kt.
Bidders are asked to present a minimum deposit of $200,000 in the form of a cashier’s cheque on the day of the sale (June 3rd, 2010).
Besides Miss Kimberly, the auction also features a 55ft Sea Ray Sundancer, a 50ft Nor-Tech Supercat, and a 33ft Riva Aquariva Super.
The yacht, the boats, and a fleet of cars including a Ferrari Spyder, Bugatti Veyron, and Rolls-Royce Phantom are all being sold “as is, where is.”