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Seized Superyacht to Be Auctioned to Pay JPMorgan Loan

The Axioma superyacht. 

The Axioma superyacht. 

Source: Marine Traffic

Updated on

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A luxury yacht formerly owned by sanctioned Russian businessman Dmitry Pumpyansky will be sold at auction on Tuesday after the billionaire failed to repay JPMorgan Chase & Co. a loan, according to an auctioneer’s website.