from ZeroHedge:
Seizing other people’s assets to enrich our massive investment banks…it’s the American way!
A massive luxury superyacht that was seized as part of the Western sanctions on Russia this year is going to be sold at auction to pay off J.P. Morgan, a new report from Bloomberg said this week.
The yacht, formerly owned by sanctioned Russian businessman Dmitry Pumpyansky is going to be sold at auction on Tuesday after Pumpyansky reportedly defaulted on a loan that he was given from J.P. Morgan, the report says.