1 millionen yacht

Luxury & Performance: 5 Motor Yachts Under $1 Million Ready for Adventure on the Water.

Jun 23, 2023

Luxury yachts are every seafarer’s dream, but they don't have to remain a dream. With careful planning and research, you can find a luxury yacht that fits your lifestyle. Here are 5 luxury yachts under $1 million available right now:

1. D’PADRON - 2013 AZIMUT 58 FT FOR SALE (pictured above)

The D’PADRON is a sleek and stylish yacht that offers the ideal blend of luxury and comfort. This 58-foot Azimut boasts state-of-the-art amenities, including an open salon, a fully equipped galley, and three comfortable staterooms, and the flybridge offers a relaxing and spacious outdoor area that can seat up to 10 guests. The D’PADRON is priced at $849,000, making it an excellent choice for those looking for a high-quality yacht to begin their nautical adventures.

2. SATISFIED - 2008 SEA RAY 60 FT FOR SALE

SATISFIED is an elegantly designed and well-equipped 60-foot Sea Ray yacht with plush interiors and impressive performance capabilities. With its three luxurious staterooms, spacious salon, and well-equipped galley, this yacht is perfect for family getaways and weekend outings. Additionally, the vessel comes with a hydraulic swim platform, tender garage, and fully equipped flybridge, for the ultimate luxury yachting experience. You can purchase this stunning yacht now for $849,000.

3. COCONUTS - 2022 TIARA YACHTS 38 FT FOR SALE

With its innovative design and excellent performance, COCONUTS is a splendid 38-foot vessel from Tiara Yachts. The vessel offers a spacious layout, including a cozy salon, a fully equipped galley, and two comfortable staterooms. The outdoor experience is equally impressive, with a large cockpit and sun pad perfect for soaking up some rays. This stunning yacht can be yours for $765,000.

4. ANDI LYNN - 2019 INTREPID 40 FT FOR SALE

Last on our list is the ANDI LYNN, a 2019 Intrepid 40-foot center console yacht that offers both luxury and performance. This yacht has a modern, sporty look and comes equipped with a spacious cockpit, comfortable seating, a fully equipped galley, and a cozy salon. The vessel's performance capabilities are also remarkable, thanks to fast and reliable outboard engines. You can purchase this stunning yacht for $665,000.

5. JOURNEY - 2016 TIARA YACHTS 45 FT FOR SALE

JOURNEY is a 45-foot flybridge from Tiara Yachts that oozes luxury and elegance. Launched in 2016, this yacht is well-appointed with a spacious salon, fully equipped galley, and two comfortable staterooms. With ample indoor and outdoor seating options, the yacht's flybridge deck sports a wet bar, grill, and comfortable seating. You can purchase this sports yacht today for $735,000.

These yachts offer a range of options for individuals looking to enter the world of luxury yacht ownership. Each provides an exceptional experience by combining state-of-the-art amenities with the comfort of being on the water. Owning these high-quality yachts would be a dream come true for any nautical enthusiast.

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€1 Million Euros Yachts for Sale

Used €1 million euros yachts for sale, betelgueser.

35.96m | Custom | 2012

35.35m | Aos | 1993

LADY AUDREY

34.74m | Hatteras | 1994

32.91m | Viking sport cruisers | 2002

ENCHANTRESS

32.3m | Breaux baycraft | 1968

32m | Chantier de l'esterel | 1963

30.47m | Bodrum yachts | 2007

30.47m | Mangusta | 1995

30.47m | Azimut yachts | 1999

30m | Ferronavale | 1987

CUSTOM MADE MOTORSAILER

30m | Custom | 2005

GOLDEN EAGLE

29.87m | Broward | 1989

29.56m | Trans world | 2003

28.4m | Giant | 2007

28.04m | Hatteras | 1996

1998 HATTERAS 92

28.04m | Hatteras | 1998

27.51m | Admiral yachts | 1992

27.43m | Stephens | 1977

27.43m | Hatteras | 1999

27.43m | Tecnomar | 2007

27.29m | Chantier de l'esterel | 1966

27.28m | Oy nautor ab | 1991

L88 FRACTIONAL

27.27m | Ladenstein | 2025

27.2m | Tuzla istanbul turkey | 1998

27m | Leopard | 2007

26.98m | Arno leopard | 2006

26.88m | Arno | 2007

26.6m | Alalunga | 2008

26.48m | Canados | 2003

MIDNIGHT MADNESS

26.3m | Cerri cantieri navali | 2004

26.25m | Azimut yachts | 2005

26m | Benetti | 1974

1960 CUSTOM CRUISER

25.9m | Custom | 1960

25.29m | Technomar | 2007

24.99m | Jefferson | 2006

24.99m | Hatteras | 1998

24.99m | Sunseeker | 2003

24.99m | Leclercq | 2005

SUNSEEKER 82

24.99m | Sunseeker | 2007

24.99m | Sanlorenzo | 2000

2004 FERRETTI YACHTS 810

24.68m | Ferretti yachts | 2004

2000 FERRETTI YACHTS 80

24.53m | Ferretti yachts | 2000

24.4m | Trumpy | 1955

MALARPRINSESSAN

24.4m | Horizon | 2000

24.38m | Cheoy lee | 2005

24.38m | Azimut yachts | 2004

24.38m | Gianetti | 2003

M/V UNION JACK 80 HERITAGE TUG

24.38m | Custom built | 1941

24.38m | Azimut yachts | 2003

HAPPYNESS II

24.38m | Grand harbour | 2003

DOLCE VITA II

24.07m | Arno leopard | 2000

AUGUST MOON

24m | Sunseeker | 2000

ARISTON FIVE

24m | Gianetti | 2005

24m | Maiora | 2002

FREE SPIRIT

23.92m | Azimut yachts | 2002

23.9m | Arno leopard | 2003

23.9m | Cd holmes | 1969

23.78m | Baia | 2008

23.77m | Custom built | 1988

23.46m | Custom | 2013

23.39m | Lazzara | 2009

OCEAN PHOENIX

23.31m | Pendennis | 1996

23.16m | Ferretti yachts | 2005

23.16m | Pershing | 2004

23.16m | Pershing | 2005

QUE SA-RAH SA-RAH

23.16m | Symbol | 1998

23.15m | Ferretti yachts | 2004

TRUE AUSTRIAN

23.02m | Dalla pieta | 2008

23m | De vries lentsch (dutch built) | 1958

THINKS IT'S HIS TOO

22.88m | Azimut yachts | 2008

TAKEN TIME II

22.85m | Hampton yachts | 2006

22.85m | Azimut yachts | 2009

22.85m | Viking | 2004

22.85m | Sunseeker | 2005

22.85m | Aicon | 2008

22.83m | Princess yachts | 2003

22.78m | Sanlorenzo | 2006

22.69m | Fairline | 2004

BODACIOUS VI

22.55m | Lazzara | 2006

22.27m | Sunseeker | 2009

22.25m | Henry hinckley | 1956

22.25m | Sunseeker | 2010

OCEAN TIGER

22m | Absolute | 2010

FERRETTI 72

22m | Ferretti yachts | 1996

72' MARLOW RAISED PILOTHOUSE MOTOR YACHT EXPLORER I

21.94m | Marlow | 2008

DAY DREAMER

21.94m | Sunseeker | 2009

ROOM SERVICE

21.94m | West bay | 2003

MEANT TO BE

21.94m | Azimut yachts | 2011

OCTOBER PRINCESS

21.94m | Viking sport cruisers | 2000

SUNSEEKER PREDATOR 72

21.94m | Sunseeker | 2006

21.79m | Bertram | 2004

21.7m | Sunseeker | 2013

21.69m | Sunseeker | 2016

1996 ADMIRAL MARINE 71

21.64m | Admiral marine works | 1996

21.6m | Sunseeker | 2008

21.5m | Fife | 1936

21.5m | Fashion by seven star | 2008

21.42m | Hatteras | 2004

THE FLYING WASP

21.33m | Johnson | 2006

EL SPLENDOR

21.33m | Gold coast custom yachts | 2014

AZIMUT 70 FLYBRIDGE

21.33m | Azimut yachts | 2012

21.33m | Marlow | 2003

21.3m | Permare | 2000

21.22m | Pershing | 2004

FERRETTI 681

21.21m | Ferretti yachts | 2008

21.2m | Hylas | 2011

21m | Sunseeker | 2011

20.9m | Princess yachts | 2004

20.9m | Hatteras | 2006

SECOND THOUGHTS

20.72m | Sunseeker | 2004

PRETTY PENNY

20.72m | Hampton yachts | 2007

20.72m | Viking | 2008

20.72m | Hatteras | 2007

20.72m | Lazzara | 2006

NAUTICAL NOMAD

20.72m | Hatteras | 2006

20.46m | Toy marine | 2009

GABBY MILAN 2

20.42m | Bertram | 2003

20.42m | Bertram | 2004

COOL BREEZE

20.42m | Viking princess | 2006

20.16m | Apreamare | 2007

2014 AZIMUT 64 FLYBRIDGE

20.14m | Azimut yachts | 2014

20m | Bodrum yachts | 2015

19.92m | Sunseeker | 2011

2008 AZIMUT 62E

19.83m | Azimut yachts | 2008

19.81m | Uniesse | 2008

19.81m | Viking | 2000

19.81m | Sunseeker | 2016

19.81m | Viking | 2002

65 CONVERTIBLE

2007 hatteras 64 motor yacht.

19.81m | Hatteras | 2007

THE FINE EXPERIENCE

19.81m | Viking | 2001

RIVA 63' VERTIGO

19.57m | Riva | 2008

2004 MARQUIS 65

19.53m | Marquis | 2004

AZIMUT 64 FLYBRIDGE

19.53m | Azimut yachts | 2012

19.5m | Hatteras | 2007

19.5m | Hatteras | 2006

If there are no brokerage yachts available on the market, you can get in touch with our brokers to find an off market one or build a new one. 

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Used Yachts for Sale Between $1000000 and $1500000

If you're looking for a pre-owned yacht for sale between $1 million and $1.5 million, SI Yachts has the expertise to assist you in choosing the perfect boat for your requirements. Whether heading offshore to hunt for billfish or cruising the east coast, there are many options available on the yacht brokerage market. This is where the personalized customer service and knowledge our team proves valuable to you as the customer.

Boats for sale under $1.5 million dollars online include brands like Azimut Yachts , Bertram Yachts , Ferretti Yachts , Galeon Yachts , Hatteras Yachts , Prestige Yachts , Sea Ray , Sunseeker Yachts , Viking Yachts , and more! From New York, to Florida, and beyond, SI Yachts can assist you in the purchase or sale of a boat under $1.5 million. We look forward to earning your business! Contact us today at [email protected] or by calling one of our convenient locations . SI Yachts are also Licensed Florida Yacht Brokers.

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Used Yachts For Sale Between $1,500,000 and $2,000,000

52' SAY Carbon Yachts 52 2025

$ 2,000,000

Fort Lauderdale, United States

53' Scout 530 LXF 2020

$ 1,999,999

Miami, United States

46' Riviera 46 Sports Motor Yacht 2023

Fort lauderdale, United States

Price Reduction

73' Sunseeker Manhattan 73 2014

64' Galeon 640 FLY 2019

$ 1,999,995

Palm Beach, United States

New Arrival

50' Nor-Tech 500 Sport 2024

fort lauderdale, United States

63' Lagoon 620 2015

$ 1,999,944

64' Serenity Yachts 64 Electric Hybrid 2019

$ 1,999,900

Riviera Beach, United States

United Yacht Central

60' Viking 60 Convertible 2009

Boothbay Harbor, United States

72' Grand Banks 72 Aleutian 2006

Sarasota, United States

46' Valhalla Boatworks V-46 2024

Ft. Lauderdale, United States

46' Valhalla Boatworks V-46 2023

Description

Finding a used yachts for sale between $1,500,000 and $2,000,000 that fits your needs when it comes to number of passengers, horsepower, inside accommodations, and other features on board can be a challenge with so many options available on the market today. There are many types of boats available between $1.5m and $2m like  center-consoles ,  cruising yachts , motor yachts and  fishing boats , with many good options across all length ranges Still, there are plenty of opportunities with brands like  Sea Ray ,  Carver ,  Princess ,  Grand Banks ,  Meridian ,  Viking ,  Hatteras ,  Bertram , and others. Let the team at United Yacht Sales help you find the right vessel that fits your needs under $2 million.

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10 Yachts for Sale Under a Million

Buying a pre-owned yacht offers the advantages of immediate availability and reduced cost compared to commissioning a new yacht. Also, the negotiation process saves money.

A luxury yacht that is already on the water also has a track record and charter history, which can be factored into your purchase decision. An existing vessel offers you the opportunity to refit her to your taste and needs, which is both faster and more cost effective.

We have selected for you our 10 yachts available for purchase for less than one million euros.

Catamaran Lagoon 620 : the comfort of a hotel for less than 1 million Euros

VPLP designed this luxury catamaran and paid particular attention to the details that make life on board a pleasure. A large number of windows brings natural light into every room; her large flybridge offers a 360° view and ample space for relaxation.

The Lagoon 620 is also the ideal boat for private crewed charter cruises. This catamaran is in a 6 cabin version, the future buyer should plan to add the necessary options to allow a suitable level of service for luxury charter. Our brokers will be there to advise you accordingly.

Fountaine Pajot MY 44 catamaran: a 44′ yacht for sale for 900K€

A motor yacht in perfect condition, designed for long and extended cruises while remaining comfortable in hers 20m² salon, a fully equipped kitchen, a master suite with a large flat screen TV, not to mention hers 12m² flybridge that offers a breathtaking 360° view.

With her volume and level of finish, the Foutaine Pajot MY 44 can easily compete with monohulls of 15 meters and more.

All options and in perfect condition, this MY 44 is an opportunity not to be missed!

Nautitech 47 Power : less than 1 million for the combination of comfort and speed

Careful and comfortable interiors. Large portholes surround the yacht and bring natural light into the large salon to enjoy a 360° view.

Hers XXL flybridge offers exceptional moments of relaxation with a large solarium, a lounge area with a bar and a steering position. The lines of the hull are optimized for a perfect finish, stability and comfort at sea whatever the speed.

The best finishes have been brought to the interior of this Nautitech 47 Power for an even higher quality. The proposed unit is in excellent condition!

Privilège 585: a best seller yacht for sale for less than a million

Comfortable and elegant, this magnificent catamaran is suitable for cruising in the Mediterranean or in tropical waters.

She has all the amenities of a modern cruising catamaran with the highest standards for safe, comfortable and relaxing cruising. Her interior is fully air-conditioned and has stylish beechwood furnishings and contemporary luxury, all with a magnificent panoramic view.

Built in 24 units, the PRIVILEGE 585 has established herself as a “Best Seller” in terms of build quality, finishing touches and cruising usage.

Fountaine Pajot Queensland 55: a stable yacht for sale at less than 1 million

Built on the experience gained with the Cumberland 46, the Queensland 55 has everything you could want in a boat. Indeed, she has a huge salon, which combines dining room, kitchen and navigation room, a deck, a large flybridge, spacious cabins and lighting that creates a refined atmosphere.

Capable of sailing at an impressive speed, it is a real pleasure to maneuver this Queensland 55 .

Beneteau Oceanis 62 : a sailing yacht for sale below 800K€

First born of the range, the Oceanis Yacht 62 opens the door to a new art of sharing magical moments at sea. She is designed to be reassuring, balanced, maneuverable and elegant.

She is organized around a spacious saloon and private areas, bathed in light from the huge hull portholes.

This Oceanis 62 with hers luxurious design offers noble materials and exclusive cabinetry finishes.

Lagoon 50 catamaran : a sailing catamaran for less than 700K€

This new yacht comes between the unavoidable Lagoon 450 & Lagoon 52. She is the seductive option for sailors looking for a large and modern marine boat.

Thanks to hers new visual identity, hers new rigging, she offers increased performance with a unique signature.

Hers large living spaces and hers panoramic vision are more than ever highlighted on this Lagoon catamaran 50 . This brand new catamaran will need to be customised with the options of your choice. Our sale brokers can give you tips on the best ones to had for an optimal charter revenue.

Lagoon 570 : space, luxury and comfort for sale at less than 600K€

She is one of the best Lagoon ever designed for those seeking balance of space, luxury, comfort and performance.

This yacht is the perfect travel vessel for an adventurer or a family. The hull is relatively slim, the bows are slim which allows her to sail smartly even in light breezes.

This Lagoon 570 was originally owned by Mr Yvan Beneteau. She has therefore benefited from a particular attention from the shipyard with carbon reinforcements in the beams for example.

Beneteau First Yacht 53: a performance sailing yacht for less than 500K€

This unit has been designed for the discerning owner and connoisseur for luxurious performance. The hull and helm balance provide a unique feeling, the circulation is fluid, the interiors are both marine and modern.

With the First Yacht 53 , the new First generation is on its way!

Lagoon Catamaran 440 : the affordable catamaran for sale at less than 400 K€

The architects added on this yacht the latest technological developments of cruising multihulls. At first glance, it is obvious that great care has been taken in hers design: the lines are long and elegant, the shapes are dynamic, the spaces are cleverly used and the ergonomics are optimal.

The salon is a superb living space and offers a 360° panoramic view. The large windows in the hull of this Lagoon 440 bring a lot of natural light and offer an unparalleled view of the outside world while remaining discreet.

Read also : Buying – Selling a yacht

There are many boats for sale on the market and you should find yours! If you haven’t found yet what you were looking for, do not hesitate to contact our team of professionals who will help you in your research.

RELATED ARTICLES MORE FROM AUTHOR

10 yachts for sale under 4 millions euros, brokerage yacht market in 2023 : a review of key trends and developments, the 5 best sailing boats under 60 feet.

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What can you expect on board a superyacht for over $1 million per week?

By Editorial Team |   20 December 2022 2022-12-20

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The world’s most expensive charter yachts all have one thing in common, they are packed from bow to stern with the kind of state-of-the-art features and luxury amenities most people can only dream of. From sprawling beach clubs to multi-tiered spas, find out what you can expect on board one of these superyachts.

If you are keen to learn exactly what justifies these yachts' enormous price tags, read on and discover the wealth of high-luxury benefits they offer that you wouldn't experience on board a smaller yacht.

High crew-to-guest ratio

As well as the amenities, you can expect sterling service from the crew, who are highly-trained to provide attentive and discreet on-board comfort and care. No task is too small or too big, and the crew will endeavor to go above and beyond to provide the most sensational charter experience for guests. 

Whether that means chartering a helicopter to transport your favourite food on board, or creating an incredible party at a moments' notice, the crew are meticulously trained and committed to you and your needs.

On-board extras

On board the most expensive yachts, the crew will be able to take on different roles to provide the best possible experience for you.

Expert masseurs will be able to ease away any tension and leave you feeling rebalanced, while beauticians will be on hand to provide manicures, hair styling or pampering body treatments. 

What's more, you can keep up your fitness regime at sea thanks to personal fitness trainers, and you can expect to feel refreshed and revitalised throughout your charter thanks to guided yoga and wellness sessions from on-board professionals. 

Aboard select yachts, you can even take advantage of on-board scuba diving instructors. 

VIP transport

Whether your yacht has a custom Limo tender or a fully-certified Helipad, you can expect to enjoy VIP entrances and exits on board a yacht for over $1 million per week.

With access to a fully-certified Helipad, you can charter a helicopter to take you exploring by air. Having a helipad also greatly simplifies the arrival and departure process. What's more, you will be able to access some of the best venues on land, as more and more prestigious restaurants and beach clubs install their own private helipads. 

On a private yacht charter, you will find many places you want to access on shore can only be reached via tender. With that in mind, having a sleek and stylish tender will distinguish you and your charter yacht from the run-of-the-mill tenders also arriving on shore.

Gourmet dining

Yacht chefs are trained to an incredibly high standard, and on the most expensive charter yachts you can expect an unparalleled dining experience.

A lot of the time, the chefs will be Michelin-starred, with a wealth of experience at their disposal. No gastronomic feat is too challenging for these ambitious and competent chefs.

The food on board yachts which cost over $1 million per week will be far better than in any restaurant. What's more, each dish is specifically created to your tastes, so you are guaranteed to enjoy everything that comes out of the galley. Choose when and where your meal is served, and expect an unforgettable culinary taste sensation. 

The latest water toys and accessories

On board these megayachts, you can expect some of the most impressive toys and accessories at your fingertips. Experience thrills as you fly across the water on an e-foiling surf board, or dive beneath the waves on a Seabob.

For more leisurely fun, you can enjoy inflatable toys, ranging from slides and trampolines to climbing walls and extending swim platforms.

Plus, on many of the largest superyachts you can also enjoy scuba-diving with the help of trained instructors. You will have all the equipment you need on board, so whether you're a scuba pro or a diving beginner, you can experience the wonders of the sea while enjoying your luxury yacht charter. 

Why are these yachts so expensive to rent?

These yachts may seem expensive, but when you take certain factors into consideration this price tag becomes easier to swallow.

The first factor is crew-to-guest ratio. The larger the yacht, the more crew will be on hand to accommodate your every wish. The crew are all there to make your experience the best it can be, and are exclusively trying to anticipate your every need. 

The second thing to factor in is volume. As yachts get bigger, it's not just their length which increases; its also the breadth, thus increasing overall interior and exterior volume of the yacht. This creates so much more space for you to enjoy on board, particularly when compared to yachts with a lower LOA.

Running costs are another important thing to factor in, as these megayachts require a lot of maintenance, fuel and upkeep in order for them to run smoothly.

The final thing to consider is craftsmanship. Most of the yachts mentioned in this article come from the most esteemed yacht builders in the world, and as such, you can expect the finest quality down to the very last detail; from increased noise reduction to a smoother cruising experience.

Read our article to discover: The World's Most Expensive Yachts Available for Charter in 2023

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If you’d like to learn more about booking or chartering a yacht, please contact a recommended yacht charter broker .

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Multi-million dollar yacht loaded with fireworks, ammo engulfed in flames

Posted: September 20, 2024 | Last updated: September 20, 2024

A 100-foot yacht docked in Marina del Rey that had fireworks aboard erupted in flames Wednesday night. Crews with the Los Angeles County Fire Department responded to reports of the blaze at 2201 Basin A just after 8:30 p.m. and told KTLA that two passengers onboard at the time of the fire were able to escape without injury. KTLA's Ellina Abovian reports on September 19, 2024. Details: <a href="https://ktla.com/news/local-news/boat-docked-in-southern-california-carrying-fireworks-erupts-in-flames/">https://ktla.com/news/local-news/boat-docked-in-southern-california-carrying-fireworks-erupts-in-flames/</a>

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Why the U.S. put a $1 million bounty on a Russian yacht’s alleged manager

On Sept. 3, 2020, the staff of a $90 million yacht placed an order with a U.S. company for a set of luxury bathrobes that came to $2,624.35.

For roughly two years before that, according to federal prosecutors, the yacht’s management had been falsely claiming it was working for a boat named “Fanta.” But the luxury bathrobes came embroidered with a monogram that, prosecutors said, revealed the yacht’s true identity: “Tango.”

That was a problem, officials say in court papers, because Tango was owned by a Russian billionaire under U.S. sanctions, and doing business on his behalf violated federal law.

Late last month, U.S. authorities unveiled a $1 million reward for information leading to the arrest and or conviction of the man they say was running the yacht staff and orchestrated the deception with the robes — Vladislav Osipov, 52, a Swiss-based businessman from Russia. In a new indictment , federal prosecutors say Osipov misled U.S. banks and companies into doing business with the Tango yacht despite the sanctions on the Russian owner, whom the Justice Department has identified as billionaire Viktor Vekselberg .

Osipov has denied the allegations. Osipov’s attorney has said that the government has failed to demonstrate that Vekselberg owned the yacht, and that its management was therefore not a sanctions violation.

The reward offer for Osipov reflects the latest stage in the evolution of the West’s broader financial war against Russia two years into the war in Ukraine, as the United States and its allies increasingly target intermediaries accused of enabling Russian oligarchs to circumvent sanctions.

Many Russians close to President Vladimir Putin have been under sanctions dating to 2014, when Russia seized Crimea from Ukraine and sent proxy forces into that country’s eastern Donbas region. When Russia invaded Ukraine in 2022, President Biden vowed to deal a “crushing blow” with a barrage of new sanctions on financial institutions, industries, business executives and others tied to the Kremlin. But roughly two years later, Russia’s economy has proved surprisingly resilient after the nation poured tens of billions of dollars into ramping up its military industry. Moscow has also worked around the sanctions, finding new third parties to supply it with critical military and industrial hardware, as well as countries beyond Europe to buy its oil.

Now, the West is trying to increase the reach of its sanctions by digging deeper into Russian supply chains. Late last month, the Treasury Department announced more than 500 new sanctions targeting Russia , primarily on military and industrial suppliers. The Justice Department also announced charges against two U.S.-based “facilitators” of a Russian state banker who is under sanction, as well as the guilty plea of a dual national based in Atlanta who was accused of laundering $150 million through bank accounts and shell companies on behalf of Russian clients.

Prioritizing criminal charges against — and the arrests of — Western employees of Russia’s elites represents a new escalation of the U.S. financial war against Putin, experts say. One Moscow businessman, speaking on the condition of anonymity for fear of retribution, said many influential Russians are concerned about the arrest of two associates of Andrey Kostin, the head of VTB, Russia’s second-biggest state bank. These associates, Vadim Wolfson and Gannon Bond, were charged with helping Kostin evade sanctions by maintaining a $12 million property in Aspen, Colo., for Kostin’s benefit while concealing his ownership. Kostin has said that the charges of sanctions evasion against him are “unfounded” and that he has not violated any laws . Bond has pleaded not guilty; Wolfson hasn’t made an initial court appearance yet.

Wolfson, also known as Vadim Belyaev, had been a Russian billionaire until the Russian government took over his bank in 2017. Bond, 49, is a U.S. citizen from Edgewater, N.J. For all Russians living abroad and working with people in Russia, the threat of criminal charges is a much more worrying prospect than the sanctions imposed by the Treasury Department last month against hundreds of individuals and entities, the businessman said, in part because sanctions are far easier to dodge than criminal charges.

“What you have seen through today’s public announcements are our efforts at really targeting the facilitators who possess the requisite skill set, access, connections that allow the Russian war machine [and] the Russian elites to continually have access to Western services and Western goods,” David Lim, co-director of the Justice Department’s KleptoCapture task force, which is tasked with enforcing U.S. sanctions over Russia’s invasion of Ukraine, told reporters last month.

Thad McBride, an international trade partner at the law firm Bass Berry & Sims, said the crackdown on intermediaries reflected the natural evolution of the U.S. sanctions campaign in response to Russian adjustments.

“It seems to me they have gone through a comprehensive list of the oligarchs, and you can debate whether or not it’s had a meaningful impact on the Russian war effort,” McBride said. “Because they’re getting smarter about who’s who, they’re finding other people who play meaningful roles in these transactions, even though they’re not showing up in the headlines.”

The charges against Osipov related to his alleged management of the Tango yacht illustrate the mounting potential consequences for people in Europe and the United States who attempt to do business with Russians targeted by Western allies, as well as the opaque structures allegedly employed by those seeking to evade sanctions.

With a net worth estimated by Forbes in 2021 at $9 billion, Vekselberg, 66, has long drawn scrutiny from the West — and sought to safeguard his wealth. He made his initial fortune in aluminum and oil in Russia’s privatization of the 1990s and then expanded into industrial and financial assets in Europe, the United States and Africa, with Putin’s blessing. In addition to the yacht, federal prosecutors say, Vekselberg acquired $75 million worth of properties, including apartments on New York’s Park Avenue and an estate in the Long Island town of Southampton.

Vekselberg, who declined to comment for this article, has not been criminally charged by the Justice Department. In a 2019 interview with the Financial Times, he denounced the sanctions as arbitrary and harmful for international business, saying he had been targeted just because he was Russian and rich and knows Putin.

In April 2018, the Treasury Department under the Trump administration sanctioned Vekselberg and six other Russian oligarchs as part of broader financial penalties over the Kremlin’s invasion of Crimea, support for President Bashar al-Assad in Syria and interference in the 2016 U.S. presidential election. Vekselberg was also targeted for his work for the Kremlin as chairman of the Skolkovo Foundation, an attempt to create Russia’s version of the Silicon Valley — evidence that appeared to undermine the Russian businessman’s claims that he operated independently of the Kremlin.

But with Vekselberg’s payments monitored by U.S. banks, according to the federal indictment , Osipov used shell companies and intermediaries to avert the bite of sanctions. Vekselberg kept other major assets out of the reach of U.S. authorities by making use of the Treasury Department’s 50 percent ownership rule, which stipulates that it is illegal to transact with firms only if an owner under sanction controls more than 50 percent of the business.

For example, a month after Treasury imposed sanctions on Vekselberg in April 2018, his Renova Innovation Technologies sold its 48.5 percent stake in Swiss engineering giant Sulzer to Tiwel Holding AG, a group that is nevertheless still “beneficially owned” — meaning, owned in practice — by Vekselberg through Columbus Trust, a Cayman Islands trust, according to Sulzer’s corporate filing. Vekselberg’s longtime right-hand man at Renova, Alexei Moskov, replaced one of Vekselberg’s direct representatives on the board. Moskov told The Washington Post that he stepped down from all his executive positions at Renova Group in 2018 after U.S. sanctions were first imposed and from that moment ceased to be Vekselberg’s employee.

The attempts to circumvent the sanctions appear to have found some success in the U.S. legal system. Columbus Nova, a U.S.-based asset management fund controlling more than $100 million in assets in the U.S. financial and tech industry, is run by Vekselberg’s cousin, Andrew Intrater. The firm battled for more than two years to lift a freeze on Columbus Nova’s assets, imposed by Treasury’s Office of Foreign Assets Control because of the sanctions on Vekselberg, and won, reaching a settlement agreement with the Treasury Department. After renaming itself Sparrow Capital LLC, Columbus Nova successfully argued that Intrater — not Vekselberg — owns the fund. Intrater argued that the company was 100 percent owned by U.S. citizens and that no individual or entity under sanction held any interest in it. Intrater said Columbus Nova had earned fees for managing investment funds owned by Renova. He said he had repeatedly told Treasury he would not distribute any funds to Vekselberg.

Now Osipov, the alleged manager of Vekselberg’s $90 million yacht, is attempting a similar argument as U.S. authorities seek his arrest on charges of bank fraud, money laundering, conspiracy to defraud the United States, and violations of sanctions law.

The federal indictment states that the Tango was owned by a shell corporation registered in the British Virgin Islands that was in turn owned by several other companies. The Virgin Islands shell company, authorities say, was controlled by Osipov, who also served in senior roles for multiple companies controlled by Vekselberg. U.S. officials also say Vekselberg ultimately controlled the other companies that owned the Virgin Islands shell company.

According to the indictment, a Tango official instructed a boat management company in Palma de Mallorca, Spain, to use a false name for the yacht — “Fanta” — to disguise its true identity from U.S. financial institutions and firms, which try to avoid doing business with an entity or person under sanction.

Working at Osipov’s direction, according to the indictment, employees for Tango bought more than $8,000 worth of goods for the yacht that were unwittingly but illegally processed by U.S. firms and U.S. financial institutions, including navigation software, leather basket magazine holders provided by a bespoke silversmith, and web and computing services. The management company running Tango, run by Osipov, also paid invoices worth more than $180,000 to a U.S. internet service provider, federal prosecutors say.

The Tango was seized by the FBI and Spanish authorities in the Mediterranean not long after Russia invaded Ukraine in 2022, and Osipov was first indicted last year. The owner of the Spanish yacht management company hired by Osipov, Richard Masters, 52, of Britain, was criminally charged last year by federal prosecutors with conspiracy to defraud the United States and violating federal sanctions law. A request for comment sent to Masters’ firm was not returned.

But in recent court documents, Osipov’s attorney argues that the yacht was not more than 50 percent owned by Vekselberg, and that the government hasn’t demonstrated it was. Barry J. Pollack, an attorney at Harris, St. Laurent and Wechsler, also says the government never warned Osipov of its novel and “unconstitutional” application of federal sanctions law.

“The government points to no precedent that supports its extraordinary interpretation and cites no authority that allows the traditional rules of statutory construction to be turned on their head,” Pollack wrote in a defense filing. The filing adds: “[Osipov] is not a fugitive because he did not engage in any of the allegedly criminal conduct while in the United States, has never resided in the United States, did not flee from the United States, and has not concealed himself.”

Still, the State Department’s Transnational Organized Crime Rewards Program has said it will provide up to $1 million for information leading to Osipov’s arrest, warning that he may visit Herrliberg, Switzerland; Majorca, Spain; or Moscow.

The case demonstrates the extent of the U.S. commitment to tighten the screws on those seen as aiding Russian elites, even if they themselves are not closely tied to the Kremlin.

“When DOJ levels legal action against an individual or entity, they have quite a bit of evidence, especially because the threshold to press charges for money-laundering and sanctions evasion is so high,” said Kim Donovan, director of the Economic Statecraft Initiative within the Atlantic Council’s GeoEconomics Center. “We’ve had quite a bit of experience targeting Russia directly, and what you’re starting to see is the U.S. go after the facilitators enabling sanctions evasion. That’s where the U.S. is focusing its efforts right now.”

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Utah man bought cruise ship on Craigslist – now it’s sinking after $1m restoration

In may, the ship had begun to ‘sink in 13 feet of water and discharge pollution’, article bookmarked.

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A Utah man spent $1 million renovating a cruise ship he bought off Craigslist – only for it to sink.

In an interview with CNN Travel , technology entrepreneur Chris Willson admitted that he and his partner Jin Li spent 15 years renovating a 293-foot vessel called the Aurora after purchasing it off Craigslist in 2008. From a swimming pool to an indoor theater, the ship boasted many amenities and tons of space for guests, with 85 cabins.

After learning more about its history, like how it was originally named Wappen von Hamburg, built in Germany after World War II as well as being featured in the 1963 James Bond film From Russia with Love, Willson fell in love with the idea of restoring the boat to its former glory.

Willson was able to “work out a really good deal” for the boat, and set about his passion project, first docking it for a year in Rio Vista, California, then in San Francisco’s Pier 38 for three years, and was docked for a year at Herman & Helen’s Marina by Stockton, Calif. However, he ended up selling the boat in 2023 after locals took issue with the ship.

But by then, he had gotten significant renovations done to the ship, with his ultimate goal being to transform it into a museum. Over those 15 years spent renovating, he garnered over 12,000 followers on the Aurora Restoration Project’s Facebook page as well as 80,000 subscribers to the project’s YouTube channel . Well-wishers commended him on restoring the ship, with some even traveling from far and wide to visit the project in California.

“I’d gotten quite a ways. I think we had 10 areas solidly restored and refurnished meticulously,” he recalled. “These were kind of major areas. So we were pretty proud of that. So we were doing a pretty good job. We had marine engineers involved.”

Although the identity of the Aurora’s latest owner hasn’t been revealed, the US Coast Guard announced that the ship had begun to “sink in 13 feet of water and discharge pollution.”

“Extensive surveys suggest that no recoverable oil remains onboard. There were no observations of oiled wildlife throughout the response,” the U.S. Coast Guard’s press release added, noting that the City of Stockton had “hired contractors to maintain pumps within the vessel to address potential water ingress and monitor the vessel.”

According to the San Joaquin County Sheriff’s Office in a post on X , officials have determined that “the ship has suffered a hole and is taking on water and is currently leaking diesel fuel and oil into the Delta Waterway.”

The following month, Unified Command hired contractors to refloat the Aurora and remove “an estimated 21,675 gallons of oily water, 3,193 gallons of hazardous waste, and five 25-yard bins of debris.”

Since then, there’s been an ongoing dispute over the ownership of the cruise, with the city of Stockton officials claiming it had “no clear ownership.”

However, in a recent post on the Facebook group page dedicated to Aurora’s restoration project, Willson told his followers the “new owner has consistently reached out to every pertinent agency, fervently proclaiming his ownership status, and has provided unequivocal legal documentation confirming his ownership.”

Willson and Li are now searching for a new passion project, preferably for something on land, but they will always have a soft spot for the Aurora.

“It was such a well-known vessel,” Willson said. “And it had everybody’s hearts.”

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Yacht with 1,000 rounds of ammunition and fireworks burns in Marina del Rey

Marina del Rey’s harbor produced an unexpected light show Wednesday evening as a luxury yacht loaded with ammunition and fireworks burned for more than two hours before flames were extinguished, authorities said.

Flames leaped 20 to 30 feet from the 100-foot vessel, dubbed the Admiral, while live ammunition rounds could be heard firing from the boat, according to videos from the scene .

Thursday morning, the charred yacht was lying on its side, and the water around it was tinted red from the diesel fuel dumped from the vessel. A Coast Guard spokesperson said an estimated 4,000 gallons of diesel was dumped into the water. The total is not official as monitoring continues.

Los Angeles County Fire Department officials said two passengers aboard the boat exited safely. No information was available about the cause of the blaze.

An L.A. County Fire spokesperson said one individual suffered minor injuries, was treated at the scene and was released.

Read more: A deadly crash on a Long Beach sunset cruise. Then, the fight to save survivors

Firefighters responded to a call around 8:30 p.m. Wednesday and eventually knocked out the flames at 10:33 p.m. The boat was declared fully submerged at 11:33 p.m.

The yacht’s owner, who was not identified, told fire officials that the vessel was carrying 1,000 rounds of ammunition and fireworks.

U.S. Coast Guard personnel confirmed they were on the scene evaluating cleanup options.

Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.

This story originally appeared in Los Angeles Times .

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