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‘Straw Owner’ Hides $1 Billion Worth of Russian Yachts

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In the race to seize assets tied to sanctioned Russian billionaires, US authorities are alleging that a Russian tycoon acted as the “straw owner” of two yachts worth more than $1 billion, including the $700 million Scheherazade, a superyacht linked to Russian President Vladimir Putin. Court filings in the South…

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