New York’s Spencer Yacht club has been placed on trial in a New York federal court for alleged trafficking of luxury cruise boats and yacht clubs.
M&M Yachting’s Yacht Clubs & Marina, Inc., the group that owns and operates the Spencer Yampses yachties, is also on trial.
According to the lawsuit, which is being brought by the United States government, the company illegally brought luxury cruise ships and yacht club memberships to the United State from Europe and the Caribbean, where they were marketed and sold.
The lawsuit alleges the Yacht clubs and yacht owners received kickbacks in the form of commissions on sales of cruise ships to U.S. and foreign customers.
The plaintiffs allege that the companies allegedly pocketed tens of millions of dollars in commissions from cruise ships sold to American and foreign buyers.
In its court filing, the U.C.S., the U