Los Angeles Times

Where do you hide a 500-foot yacht? Asking for an oligarch

A picture taken on March 3, 2022, in a shipyard of La Ciotat, near Marseille, southern France, shows a yacht, Amore Vero, owned by a company linked to Igor Sechin, chief executive of Russian energy giant Rosneft.

It's one thing to stuff cash under your mattress or move millions into an offshore bank account. Hiding a mega-yacht from multiple governments and a global mob of private citizens is a bit more tricky.

To intensify sanctions on Russia and further throttle the finances of the Kremlin's uber-wealthy allies, the Biden administration this week announced a "KleptoCapture" task force that is aggressively targeting Russian oligarchs by seizing real estate and other prized assets.

"We're coming for you," Deputy Attorney General Lisa Monaco told Bloomberg. "We're coming for your yacht. We're coming for your

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times3 min read
For Third Year In A Row, Kings’ Season Ended By Edmonton
EDMONTON, Canada — The Kings’ season expired Wednesday at 10:52 p.m. Mountain Time. Cause of death was the Edmonton Oilers. Again. For the Kings, these Oilers have become serial killers, snuffing out their NHL playoffs hopes in the first round in eac
Los Angeles Times1 min read
Dan Schneider Suing 'Quiet On Set' Producers For Defamation: 'I Sadly Have No Choice'
LOS ANGELES — Dan Schneider, the Nickelodeon producer behind hit shows "Drake & Josh" and "iCarly," is taking legal action against the teams behind the popular "Quiet on Set" docuseries. Schneider announced in a statement shared with The Times on Wed
Los Angeles Times3 min readAmerican Government
Robin Abcarian: The Women Of Trump's GOP Try To Answer The Question, Who's The Most Macho?
Slaughtering wolves from helicopters? Castrating hogs? Shooting up Priuses with assault weapons? Murdering misbehaving puppies? Is this what it takes for a Republican woman to be a credible candidate for higher office? Former Alaska Gov. Sarah Palin

Related