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Accused swindler’s yacht for sale

Allen Stanford's 112-foot yacht, Sea Eagle, could be for sale if the receiver in charge of his assets has his way.

Stanford is accused of a $7 billion scheme that involved certificates of deposit from his bank in Antigua, according to an article on The receiver in this case told a judge the yacht should be sold because it is so costly to maintain, listing the costs at more than $25,000 per month.

Currently Sea Eagle, a 1988 Hakvoort that underwent a refit in 2005, is listed on the Ardell brokerage site for an asking price of $6.5 million. According to the listing, the yacht comes with china, silver, crystal, and linens, among other items.

Read the full article here.