Cioffi.jpgRalph Cioffi is starting to play with fire. While he’s currently walking around a free man, Federal prosecutors want a judge to reconsider the terms of his bail after RC decided to make a quick trip down to Florida to pick up the originals of some documents the government was already after in connection with a Sarasota condo fiasco.
With his freedom in potential jeopardy, and having close ties to south Florida, Ralph might just make a run for it from the Sunshine State. But he needs to do it the right way. Faking his own death or hopping the next plane to anywhere without a US extradition treaty have been done before. He needs something unique, something truly him. Maybe a boat. There are undoubtedly hundreds of people in that part of the state burned by one Ponzier or another looking for some cash from selling their yacht. But it has to be the right one. It has to be a yacht worthy of a guy looking to make up for losing two Ferraris. Where is he going to find a former master of the universe trying to get rid of his prized marine possession?

The receiver in charge of Allen Stanford’s assets has asked a federal judge for permission to sell the alleged swindler’s luxurious 112-foot motor yacht, the Sea Eagle.
Ralph Janvey, the receiver in the case, filed a motion late on Tuesday asking U.S. District Judge David Godbey in Dallas to approve the sale of the vessel, which is currently listed for $6.5 million at a marina in Fort Lauderdale, Florida.

That’s where.
Receiver wants to sell Allen Stanford’s yacht [Reuters]

Sign up for the Dealbreaker newsletter

Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

— Advertisement —

Comments (10)

  1. Posted by guest | September 23, 2009 at 5:44 PM

    Too Greg, didn’t read.

  2. Posted by guest | September 23, 2009 at 5:53 PM

    Greg Michaels May Want To Reconsider His Options

  3. Posted by Anal_yst | September 23, 2009 at 6:43 PM

    that’s a big freakin fishing boat, damn, wtf was this guy catching (/trying to catch)?

  4. Posted by call_me_daddy | September 23, 2009 at 7:17 PM

    @3 more young associates. what happens 10 miles from land stays 10 miles from land.
    just guess what they’re using for bait

  5. Posted by guest | September 23, 2009 at 8:19 PM

    Greg,
    I need to take a shit. Open your mouth.
    ~ Jeff Macke

  6. Posted by guest | September 23, 2009 at 8:57 PM

    @2 -
    Greg only has two options. Firing squad or hanging.

  7. Posted by guest | September 23, 2009 at 9:40 PM

    The question now is will they let him wear his ball gag in prison. Not letting him have it would be cruel and unusual punishment.

  8. Posted by guest | September 23, 2009 at 10:43 PM

    He has the bottom button on his blazer buttoned. 8 years of sweatshop, with time off for good button-hole sewing.
    -The Fashion Police

  9. Posted by guest | September 23, 2009 at 11:12 PM

    Greg, I’m going to decapitate you, stuff your head in a hobo’s bindle, and take it with me on a tour of the flyover states.
    -Jeff Macke

  10. Posted by guest | September 24, 2009 at 10:20 AM

    Where did this guy go to College?? Hahhvuddddd?

Leave a comment

You can log in with your account or comment as a guest below.