Moran Yacht: Florida yacht broker gets prison time for offshore tax evasion

"I am really very sorry for opening this account and not reporting it"
Broker Robert Moran at the hearing

According to IBI News, "Florida yacht broker Robert Moran was last week sentenced to two months in prison for offshore tax evasion.

IBI News also reported that "As a convicted felon, Moran will lose his Florida license to sell new yachts."

Another Ponzy scheme...with yachts

It seems that these days american yacht brokers are more creative than ever !

Robert Frank (The Wealth Report) relates the story of a californian yacht broker (a "well-respected businessman ...") who left a message for his employees saying he would return next week.

Investors were told that they were investing in 'boat deals' whereby Mr. Fitzgerald and his partner, David Goodner of Channel Island Yachts were purchasing power and sail boats inexpensively (because of the economy), then selling them to a pre-arranged buyer.

Same old story about yacht broker ?

Click here to read the Wealth Report article

Superyacht brokerage: an Owner's point of view

Talking about his yacht broker:
'Bloody car salesmen. They'd sell anything for a buck.'
A Yacht owner point of view

The domino effect...

Nypost.com copyright

Discover the captains and brokers point of view about the recession and the fact that owners are having a harder time selling their smaller yachts.

The Wealth Report
>> http://blogs.wsj.com/wealth/2008/05/23/megayacht-biz-takes-on-a-little-water/

The Triton
>> http://www.megayachtnews.com/index.php?news=2443