Trying to sell Russian oligarch's seized luxury assets is running into trouble

In late June 2022, a massive luxury yacht docked in San Diego Bay. The Justice Department had seized the 348-foot vessel called the Amadea in Fiji a few weeks earlier, saying it was owned by a sanctioned Russian oligarch named Suleiman Kerimov. It was one of more than two dozen yachts seized by various countries shortly after Russia invaded Ukraine, says Tom Keatinge, a financial crimes expert at the Royal United Services Institute in London. "We're talking about yachts that cost several hundred million dollar. They have helipads, discos, swimming pools, all the toys onboard that any aspiring oligarch would once be able to play within the Caribbean or the Mediterranean," said Mr Keatinge.