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Price: $580 million Features: Largest sail-assisted yacht in the world, underwater observation pod, carbon fiber rotating masts, multiple pools 3. Symphony: Owned by Bernard Arnault
The services were provided via a "Services Agreement" that paved the way for investor deposits to be funneled via a circuitous route to multiple destinations, including affiliated companies that leased multiple corporate jets, owned yachts, funded a cricket pitch and even a Swiss bank account used to bribe officials. [11]
Genmar Holdings, Inc. was the second largest manufacturer of recreational motor boats, [1] founded in 1978. [2] It was headquartered in Minneapolis, Minnesota with offices in Little Falls, Minnesota and Cadillac, Michigan. [2] In 2009, the company filed for Chapter 11 Bankruptcy. [3]
The Bank Line was a British commercial shipping line that was established in 1905 by Andrew Weir. The company was sold to the Swire Group in 2003, eventually ceasing operations in 2009. Initially a tramp operator of sailing vessels, it developed into a major company operating shipping lines all over the world.
Aug. 18—A boat company in Washington appears to be struggling financially. Destination Yachts was once a locally owned operation producing large houseboats for use throughout the nation. At one ...
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