- Two individuals and one French company were convicted in Paris for customs fraud involving the undervaluation of a US-imported yacht, causing over €100,000 loss to the EU budget.
- The managers and company president were found guilty of customs fraud and receiving misappropriated company assets; sentences included suspended prison, fines, and confiscation of funds.
- The company and individuals have appealed the decision.
- A yacht sales agent involved was previously convicted as an accomplice in June 2025.
- The case was detected by French customs, investigated by the EPPO and French anti-fraud office, with support from the US DOJ.
Source: eppo.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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