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{"id":74625,"date":"2023-06-06T07:29:32","date_gmt":"2023-06-06T07:29:32","guid":{"rendered":"https:\/\/www.announcement.news\/?p=74625"},"modified":"2023-06-06T07:29:32","modified_gmt":"2023-06-06T07:29:32","slug":"british-man-charged-with-hiding-russian-megayacht-from-us-sanctions-20","status":"publish","type":"post","link":"https:\/\/www.announcement.news\/british-man-charged-with-hiding-russian-megayacht-from-us-sanctions-20\/","title":{"rendered":"British man charged with hiding Russian megayacht from US sanctions"},"content":{"rendered":"
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Richard Masters, 52, was arrested on Friday on charges of violating US sanctions laws<\/p>\n<\/div>\n

A British citizen has been arrested in on US criminal charges alleging that he helped a billionaire Russian oligarch evade sanctions relating to his $90 million megayacht.<\/p>\n

Richard Masters, 52, was arrested on Friday\u00a0by the Spanish Guardia Civil and faces extradition to the US on charges that he tried to hide , the Tango, from authorities.<\/p>\n

An unsealed indictment accuses Masters, who runs a yacht management company, of concocting a phony name, ‘the Fanta,’ for the Tango in order to hide the yacht’s connection to Vekselberg from financial institutions.\u00a0<\/p>\n

Despite the alleged scheme, the Tango was seized by the last April in Palma de Mallorca, the capital of Spain’s Balearic Islands and a playground and tax haven for the ultra-rich.\u00a0<\/p>\n

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Masters faces extradition to the US on charges that he tried to hide sanctioned oligarch Viktor Vekselberg’s 255-foot luxury yacht, the Tango (above), from authorities<\/p>\n<\/div>\n

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Vekselberg (right) is a billionaire and t<\/a> close ally of Russian President Vladimir Putin who heads the Moscow-based Renova Group<\/p>\n<\/div>\n

Also charged in connection with the alleged plot was Vladislav Osipov, 51, a Russian national<\/a> with dual Swiss citizenship, who remains at large.\u00a0<\/p>\n

Masters and Osipov are both charged with\u00a0conspiracy to defraud the United States and to commit offenses against the United States, violating sanctions laws, and money laundering.\u00a0<\/p>\n

Vekselberg is a billionaire and close ally of Russian President Vladimir Putin who heads the Moscow-based Renova Group, a conglomerate encompassing metals, mining, tech and other assets.<\/p>\n

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