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The best yacht clubs in moscow and premium new buildings next to them.

The moorings within the Moscow Ring Road allow regular sailing even for those who, due to high employment, cannot often travel out of town

Passenger river transportation is being actively revived in Moscow. Already in June, for the first time in 17 years, the authorities promise to launch river buses. Maybe that's why the idea of ​​owning a yacht is increasingly coming up among wealthy Muscovites, and there are more and more yachtsmen who would like to live close to the place of attraction of like-minded people. Next to the yacht clubs there are 21 projects in the primary market of Moscow. More than half of these projects are premium. The experts of the Elitnoye.ru portal, using the data of the Metrium company, decided to talk about the leading metropolitan centers of yachting and tourism, as well as about the premium-class complexes adjacent to them.

Dream Island Marina on the Nagatinsky Peninsula

Dream Island Marina is located on the Nagatinsky Peninsula, in the harbor of the Northern Landscape Park of the Dream Island entertainment center. This is the only modern yacht club (opened in 2021) in the central part of the capital's water area. Moreover, its port stands at the source of a large-scale deep-sea system of the European part of Russia, which unites the whole country. The club has two berths with a capacity of up to 40 seats. The water area is designed for boats and yachts of any size. There is a school of navigators, which teaches how to operate a small vessel. You can rent catamarans, boats and yachts. A restaurant with a grill area is open. Nearby is Dream Island Wake Park, where you can go water skiing and wake surfing.

The closest new building to Dream Island Marina is the Dream Towers residential complex (pictured). Apartments in the project cost 484.2 thousand rubles on average per sq. m. meter. The houses are planned to be put into operation in the next month.

Moscow Imperial River Yacht Club on Balchug Island

The Moscow Imperial River Yacht Club is located in the center, next to the monument to Peter the Great on Balchug Island. The founders of the yacht club restored an old building on the banks of the Moscow River. Today it hosts social events. The development of the club mainly depends on the implementation of the new quarter “Red October”, adjacent to the water. The developer of the project – Guta Development – is going to restore the berths for ships and river taxis.

Not far from the yacht club, sales are carried out in four projects: Residences Zamoskvorechye, Sky House, Golutvinsky, 10 and Vernissage. In “Residences Zamoskvorechye” “square” will cost an average of 517.1 thousand rubles, in Sky House – 401.5 thousand rubles. Both complexes have already been put into operation. In “Golutvinsky, 10” the average price per square meter. meters is 1.3 million rubles. Keys have to wait until the end of the year. In Vernissage, a “square” costs 634.2 thousand rubles. The house will be completed in the second quarter of 2024.

Berth of the Moscow City business center

The pier is located on the territory of the Moscow City business center, which and gave it a name. Charter and pleasure flights depart from the Moscow-City pier. Here you can rent cruise and pleasure yachts even for a few days.

The Oko and Neva Towers skyscrapers are being built in the business center itself. Both are ready. In the first quarter a meter will cost an average of 679.3 thousand rubles, in the second – 660.3 thousand. Also, the Onest quarter is being built nearby, where prices are higher: an average of 724.9 rubles. However, delivery is scheduled only for the second quarter of 2025.

Estate Park on Serebryany Bor Island

Manor Park is the largest yacht club on Serebryany Bor Island. The yacht port has a berth designed for 36 vessels up to 15 meters long. Rowing boat rental, boating and jet skiing, on the “banana” are available. The pier is combined with the Manor restaurant.

The nearest complexes are Capital Coast and Wellton Spa Residence. In the already finished project “Coast of the Capital” sq. meter is estimated by the developer at an average of 767.6 thousand rubles. In Wellton Spa Residence, the average “square” costs 481 thousand rubles. The project is going to go live in about a month.

Radisson Royal Moscow flotilla near Ukraine Hotel

The Radisson Royal Moscow flotilla is a transport company, and its largest berth is located on the embankment near the Ukraine Hotel. River trams, yachts and motor ships constantly start from here. You can rent the ships of the flotilla, but you won’t be able to rent a place for your own yacht on this pier.

Less than a kilometer from the base of the Radisson Royal Moscow flotilla, the Badaevsky complex is being built. You can buy an apartment here for an average of 1 million rubles per sq. meter. The project will be commissioned at the end of 2025.

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Equipped with ice-breaking technology, these huge fancy yachts are the only river cruisers running all year around. The round trip journey takes two and a half hours and floats past all the big sights like the White House, Novodevichy monastery and the Kremlin. There’s a large open air observation deck up top, while the main body of the ship houses a restaurant with a dance floor for a romantic post dinner dance. For a particularly romantic experience take one of the evening boats and admire the bright lights of the city skyline at night.

The most relaxing and picturesque tour that Moscow can offer: a great way to see the city center and its main attractions. This is a perfect alternative to exploring the city by car, if you only have time to do sightseeing during weekday rush hours.

Your English-speaking guide is eager to share every bit of their knowledge about the surrounding landscape, the architecture and historical details.

We conduct Moscow river tour on Radisson Flotilla boats all year around!  It’s warm inside during winter months, while there’s air conditioning during hot summer days. You may also treat yourself to drinks, lunch or dinner on board (drinks and food are not included in tour price).

The cost of an excursion with a personal guide for 1 person

Quay at Radisson Collection Hotel

Government Headquarters ("the White House")

Kievsky Railway Central

Novodevichy Convent

Luzhniki Stadium

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Cathedral of Christ the Saviour

Moscow Kremlin

St.Basil's Cathedral

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U-turn and back to Quay at Radisson Royal Hotel

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Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic

As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.

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By Emma Bubola and Michael J. de la Merced

Emma Bubola reported from Porticello, Italy, and Michael J. de la Merced from London.

Two months after being cleared in a bruising legal battle over fraud charges, the British tech mogul Mike Lynch celebrated his freedom with a cruise. He invited his family, friends and part of his legal team on board his luxury sailing yacht, a majestic 180-foot vessel named Bayesian after the mathematical theorem around which he had built his empire.

On Sunday night, after a tour of the Gulf of Naples, including Capri, and volcanic islands in the Eolian archipelago, the boat anchored half a mile off the Sicilian coast in Porticello, Italy. It chose a stretch of water favored by the Phoenicians thousands of years ago for its protection from the mistral wind and, in more recent times, by the yachts of tech billionaires. The boat was lit “like a Christmas tree,” local residents said, standing out against the full moon.

But about 4 a.m., calamity unfolded. A violent and fast storm hit the area with some of the strongest winds locals said they had ever felt. Fabio Cefalù, a fisherman, said he saw a flare pierce the darkness shortly after 4.

Minutes later, the yacht was underwater. Only dozens of cushions from the boat’s deck and a gigantic radar from its mast floated on the surface of the sea, fishermen said.

In all, 22 people were on board, 15 of whom were rescued. Six bodies — five passengers and the ship’s cook — had been recovered by Thursday afternoon, including that of Mr. Lynch, an Italian government official said, adding that the search was continuing for his daughter.

It was a tragic and mystifying turn of events for Mr. Lynch, 59, who had spent years seeking to clear his name and was finally inaugurating a new chapter in his life. Experts wondered how a $40 million yacht, so robust and stable could have been sunk by a storm near a port within minutes.

“It drives me insane,” said Giovanni Costantino, the chief executive of the Italian Sea Group, which in 2022 bought the company, Perini, that made the Bayesian. “Following all the proper procedures, that boat is unsinkable.”

The aura of misfortune only deepened when it emerged that Stephen Chamberlain, 52, a former vice president of finance for Mr. Lynch’s former company and a co-defendant in the fraud case, was killed two days earlier, when he was hit by a car while jogging near his house in England.

Since June, the two men had been in a jubilant mood. A jury in San Francisco had acquitted both on fraud charges that could have sent them to prison for two decades. There were hugs and tears, and they and their legal teams went for a celebratory dinner party at a restaurant in the city, said Gary S. Lincenberg, a lawyer for Mr. Chamberlain.

The sea excursion was meant as a thank-you by Mr. Lynch to those who had helped him in his legal travails. Among the guests was Christopher J. Morvillo, 59, a scion of a prominent New York family of lawyers who had represented Mr. Lynch for 12 years. He and his wife, Neda, 57, were among the missing.

So, too, was Jonathan Bloomer, 70, a veteran British insurance executive who chaired Morgan Stanley International and the insurer Hiscox.

The body of the ship’s cook, Recaldo Thomas, was recovered. All the other crew members survived. Among them was Leo Eppel, 19, of South Africa, who was on his first yacht voyage working as a deck steward, said a friend, who asked not to be identified.

Since the sinking, the recovery effort and investigation have turned the tiny port town of Porticello, a quiet enclave where older men sit bare-chested on balconies, into what feels like the set of a movie.

Helicopters have flown overhead. Ambulances have sped by with the sirens blaring. The Coast Guard has patrolled the waters off shore, within sight of a cordoned-off dock that had been turned into an emergency headquarters.

On Wednesday afternoon, a church bell tolled after the first body bag was loaded into an ambulance, a crowd watching in silence.

The survivors were sheltering in a sprawling resort near Porticello, with a view of the shipwreck spot, and had so far declined to comment.

Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said that the yacht had most likely been hit by a fierce “down burst” — when air generated within a thunderstorm descends rapidly — or by a waterspout , similar to a tornado over water.

He added that his agency had put out rough-sea warnings the previous evening, alerting sailors about storms and strong winds. Locals said the winds “felt like an earthquake.”

Mr. Costantino, the boat executive, said the yacht had been specifically designed for having a tall mast — the second-tallest aluminum mast in the world. He said the Bayesian was an extremely safe and secure boat that could list even to 75 degrees without capsizing.

But he said that if some of the hatches on the side and in the stern, or some of the deck doors, had been open, the boat could have taken on water and sunk. Standard procedure in such storms, he said, is to switch on the engine, lift the anchor and turn the boat into the wind, lowering the keel for extra stability, closing doors and gathering the guests in the main hall inside the deck.

12 guests occupied the yacht’s six cabins. There were also 10 crew members.

Open hatches, doors and cabin windows could have let in water during a storm, according to the manufacturer.

Open hatches, doors and

cabin windows could

have let in water

during a storm,

according to the

manufacturer.

Source: Superyacht Times, YachtCharterFleet, MarineTraffic

By Veronica Penney

The New York Times attempted to reach the captain, James Cutfield, who had survived, for comment through social media, his brother and the management company of the yacht (which did not hire the crew), but did not make contact.

So far none of the surviving crew members have made a public statement about what happened that night.

Fabio Genco, the director of Palermo’s emergency services, who treated some of the survivors, said that the victims had recounted feeling as if the boat was being lifted, then suddenly dropped, with objects from the cabins falling on them.

The Italian Coast Guard said it had deployed a remotely operated vehicle that can prowl underwater for up to seven hours at a depth of more than 980 feet and record videos and images that they hoped would help them reconstruct the dynamics of the sinking. Such devices were used during the search and rescue operations of the Titan vessel that is believed to have imploded last summer near the wreckage of the Titanic.

After rescuers broke inside the yacht, they struggled to navigate the ropes and many pieces of furniture cluttering the vessel, said Luca Cari, a spokesman for Italy’s national firefighter corps.

Finally, as of Thursday morning, they had managed to retrieve all but one of the missing bodies, and hopes of finding the missing person alive were thin. “Can a human being be underwater for two days?” Mr. Cari asked.

What was certain was that Mr. Lynch’s death was yet another cruel twist of fate for a man who had spent years seeking to clear his name.

He earned a fortune in technology and was nicknamed Britain’s Bill Gates. But for more than a decade, he had been treated as anything but a respected tech leader.

He was accused by Hewlett-Packard, the American technological pioneer that had bought his software company, Autonomy, for $11 billion, of misleading it about his company’s worth. (Hewlett-Packard wrote down the value of the transaction by about $8.8 billion, and critics called it one of the worst deals of all time .) He had been increasingly shunned by the British establishment that he sought to break into after growing up working-class outside London.

He was extradited to San Francisco to face criminal charges, and confined to house arrest and 24-hour surveillance on his dime. In a townhouse in the Pacific Heights neighborhood — with security people he jokingly told associates were his “roommates” — he spent his mornings talking with researchers whom he funded personally on new applications for artificial intelligence. Afterward, he devoted hours to discussing legal strategy with his team.

Despite his persistent claims of innocence, even those close to Mr. Lynch had believed his odds of victory were slim. Autonomy’s chief financial officer, Sushovan Hussain, was convicted in 2018 of similar fraud charges and spent five years in prison.

During Mr. Lynch’s house arrest, his brother and mother died. His wife, Angela Bacares, frequently flew over from England, and she became a constant presence in the San Francisco courtroom during the trial.

After he was finally acquitted, Mr. Lynch had his eye on the future. “I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” he said.

Elisabetta Povoledo contributed reporting from Pallanza, Italy.

Emma Bubola is a Times reporter based in Rome. More about Emma Bubola

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

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Morgan Stanley Executive and His Wife Among the Missing After Luxury Yacht Sinks in Sicily, Official Says

Jonathan Bloomer and his wife were two of the six people identified as missing to PEOPLE on Monday, Aug. 19

Andy Shaw/Bloomberg via Getty

Morgan Stanley International chairman Jonathan Bloomer, his wife, attorney Chris Morvillo and his wife, Neda Morvillo, are among the six people missing after a luxury yacht sunk off the coast of Sicily, a senior civil protection officer told PEOPLE on Monday, Aug. 19. 

Local officials previously told PEOPLE that the two other people missing are British tech entrepreneur Mike Lynch and his 18-year-old daughter Hannah .

Bloomer is a close friend of Lynch. Chris Morvillo is Lynch’s attorney.

A source tells PEOPLE that the expert underwater team has returned to base and was not able to make any inroads into the vessel Monday night.

The rescue teams theorize the missing people are possibly trapped inside the hull, Palermo Today reported.

Vincenzo Pepe/Getty 

The six people went missing after a 56-meter (183-ft) yacht, the Bayesian , carrying 22 people sank after a storm near Porticello, Italy, at around 5 a.m. local time on Monday, Aug. 19, per an Italian Coast Guard statement obtained by PEOPLE.

Sicilian news agency Ansa reports that eyewitnesses revealed that the yacht was anchored when it was struck by a tornado over the water, known as a waterspout, and lost its balance, causing it to sink.

At the time of publication, only one person's body was recovered. The body of the boat’s cook was found near the vessel on Monday morning, per Palermo Today .

Since the sinking, Coast Guard patrol boats and firefighters have rescued 15 people after divers reached 49 ft. below the sea surface to the vessel, according to the outlets. 

Of those rescued, eight were taken to local hospitals. Among those saved were Lynch’s wife, Angela Bacares, and a 1-year-old English girl named Sophie, her mother and Lynch's associate, Charlotte Golunski.

Corpo Nazionale dei Vigili dei del Fuoco via Getty Images

Golunski lost her grip on her 1-year-old daughter when a wave smashed against them, taking the child out to sea. But that same wave returned Sophie a short time later in what was described as something of a miracle, according to the local sources.

Golunski told Italian newspaper la Repubblica that she briefly lost her daughter for about two seconds due to the intensity of the sea but was then was able to retrieve the child

"I held her afloat with all my strength, my arms stretched upwards to keep her from drowning,” Golunski told the newspaper, according to a translation. "It was all dark. In the water I couldn't keep my eyes open. I screamed for help but all I could hear around me was the screams of others."

Sophie was sent to the Children's Hospital of Palermo, where she was reunited with her mother, who received minor injuries in the incident, per Ansa, The Independent and Corriere Della Sera .

Sophie’s father, James Emsley, survived the incident, Sicily's civil protection agent Salvo Cocina said, according to Sky News . 

Search and rescue efforts continue, the Coast Guard said, as does an investigation into the incident.

Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. 

A representative for Morgan Stanley did not immediately respond to PEOPLE’s request for more information on Monday.

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Where to buy a home in moscow in 2024.

The growth in suburban house prices in 2021 can be as high as 15%. This prognosis was voiced by the participants of Moscow’s real estate market. Housing near Moscow has already gone up in value by 7%, and before the end of the year, this number is quite likely to rise by another 2–3%. The pandemic has changed the trends on the suburban real estate market – the current demand for detached houses is noticeably higher than before the global outbreak of Covid-19, and this naturally influences the cost of residential homes, say the experts. They also note that traditionally, the fall-winter period has always been considered a time of low demand for houses for sale in Russia; however, the opposite is now the case.

Here are the Moscow real estate categories to consider when buying a house in Russia:

• By direction and location (Rublyovka, Novaya Riga, Barvikha);
• By classification ( luxury , business class, economy);
• By development format (townhouses, detached private homes).

When purchasing homes in Moscow, Russia, a good rule of thumb is to select houses within an 18.6-mile (30 km) radius from the center of Moscow. This ensures you will get a well-developed infrastructure, and that the chosen location will be replete with hospitals and schools.

We recommend considering the West, South and North directions just out of Moscow. You may notice that country houses are noticeably cheaper on the capital’s Eastern side. However, this is due to poor environmental conditions – the result of the presence of a number of industrial facilities in the entire East area.

Best Cottage Communities in Moscow

Muscovites with high incomes live in closed elite cottage communities that have their own full infrastructure. Such cottage communities are usually designed by Europe’s best architects, especially contracted for the job. These locations have everything: private English schools, restaurants, shops, pools and gyms, beauty salons and equestrian sports clubs.

The most expensive houses up for sale are located in the Barvikha Hills area (Rublevka direction). This elite location near Moscow even has its own famous brand boutiques: Dolce & Gabbana, Valentino, Rolex, Patek Philippe, Bentley, Ferrari and Harley-Davidson. The least expensive house here costs 1.5 million US dollars and has a floor area of 656 sqft (200 m²). This gated community is just 10-20 minutes by car away from Moscow itself.

We encourage you to consider some of the following elite locations as you decide where to purchase your ideal property: Etude Family Club, La-Mansh, Western Residence, Yusupovo Life Park, Odintsovo, Novaya Riga and Pirogovo. There you will find everything one requires for a comfortable life, at the price of 300 to 500 thousand US dollars for a residential home.

As you choose your future home, make sure to take into account the category of the land on which it is built. Each category has its own taxation rate. Our lawyer can explain all the details on property taxes in Russia to you at your request. Contact us to get your consultation!

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Inside Florida's 'Little Moscow,' where Russian money flows thanks to 'rich daddies' snapping up real estate

• "Little Moscow" is the nickname for Sunny Isles Beach, Florida, which is flowing with Russian money.
• Previously a strip of motels, the island was revitalized in the 1990s with luxury developments.
• Many Russians snapped up properties, but they're afraid sanctions could prevent them from buying more .

Welcome to "Little Moscow."

Like its namesake city, it's home to many Russian elites. Unlike it's namesake city, it's located on a small strip of land near Miami: Sunny Isles Beach, Florida.

"They love to be here, and they like to spend their money and enjoy their life," Lana Bell, a real-estate agent, recently told the News Nation correspondent Brian Entin , referring to her wealthy Russian clientele.

Russian money has brought a real-estate boom to the region over the years, but now these power players are afraid they might not be able to enjoy the Miami sunshine much longer. As Entin reported, they're worried the escalating Russia-Ukraine conflict will blacklist them from buying American real estate, although Bell said it hasn't been a problem so far.

However, existing sanctions from past political events already slowed their buying efforts in recent years, and Biden has said the US will seize luxury apartments from Russian oligarchs with wealth parked in the country. But not all of Little Moscow's residents are wealthy, and not all of them support the war. 

Here's a look at the rise of Little Moscow and the lives of the Russians who made it happen.

Sunny Isles Beach is a 1.5-mile strip of island that sits between the Atlantic Ocean and Intracoastal Waterway in South Florida. It's about a 40-minute drive to downtown Miami, depending on traffic.

Sunny Isles Beach is located in northeastern Miami-Dade county. As of 2020, it's home to 22,342 people . The most recent data from the Census' American Community Survey that tracked population from 2015 to 2019 shows that there are 1,079 Russian-born residents living there — more than any country in Europe or Asia.

It's a place where beachfront high-rise hotels and condos dot the coastline, towering over an idyllic scene of white-sand beaches and sparkling turquoise water. Compared to the dark and brutal winters of Russia, it's a slice of paradise.

Before becoming a Russian luxury hot spot, the city was full of quirk and charm thanks to beachfront motels and tourists.

Fred Grimm wrote in the South Florida Sun Sentinel that the city was "once a linear tableau of South Florida kitsch, a seaside strip of themed motels, offering homage to ancient Egypt, Rome, the wild west, Polynesia, American Indians and so many nautical motifs, including Neptune and his water nymphs."

"Motel Row," a strip of 30 motels along the beach, was built in the 1950s and 1960s, when the city was known as Sunny Isles (before that it was called North Miami Beach). Tourism slowed its roll in the 1970s, resuming some 20 years later when most of the motels were replaced with luxury hotels, and Sunny Isles was renamed Sunny Isles Beach.

The city's luxury-development boom that first began in the 1990s revitalized the city's economy, which began to see an influx of wealth.

The median home value in Sunny Isles is $555,042 , higher than the $469,562 median home value in Miami. The most expensive home in the area currently listed on Sotheby's is $13.9 million , and condos can cost as much as  $35 million . 

It's a place of well-known luxury. Consider the Porsche Design Tower , where residents can use an elevator for their cars. And the iconic Acqualina Resort was named the country's best continental resort four years in a row by US News & World Report . Nightly rates at the five-star resort start at $2,500 a night . 

Among these developments are several Trump Towers, a brand that has held a huge appeal among Russian investors looking to move their money in the post-Soviet economy.

Trump doesn't actually own the buildings but licensed the use of his name there, The Washington Post reported . Real-estate agents told the Post in 2016 that Trump's name carries weight among the European, South American, and Asian elite, but especially among Russian oligarchs.

"When Russians get here, the first thing they ask is, 'Where is the Trump building?'" Ilya Masarsky, real-estate developer who has worked with Russian investors in the US, told The Post. 

Jose Lima, a salesperson for the company that developed the region's Trump towers, said at the time that Russian speakers bought about one-third of the 500 units he sold. 

A 2017 Reuters investigation found that at least 63 members of Russia's elite spent nearly $100 million buying property in Trump buildings in the region, including the nearby city of Hollywood. Reuters called some of the buyers "politically connected businessmen," adding that none seemed to be part of Putin's inner circle.

"Russian patriots are happy here; Sunny Isles is a happy place," Bell, the real-estate agent, told The Daily Beast in 2019 . "Russian men make money at home, they visit their Miami property just for a few months in winter. Some of these rich daddies are in their fifties or older, while their women are in their twenties; the beach is packed with really young pregnant Russian girls, girls with babies." 

A past Miami Herald investigation found that some of these buyers were the targets of US government investigations. Experts in illicit financing said Russian money gave the city its nickname of Little Moscow.

The Miami Herald found in 2016 that at least 13 personal or company buyers in the Trump Towers were investigated by the government, including a Russian-American organized-crime group and a Mexican banker accused of robbing investors. It also found that about 60% of the units are owned by shell companies, which only hold assets like real estate and can be involved in money laundering.

Experts more recently told the Herald's Michael Wilner that illicit financing has helped Russians spend years snapping up properties along Florida's southeastern coast. They estimated that Russia's elite had more than $1 trillion in offshore accounts, which they said was disproportionally held in South Florida property.

As Julia Friedlander, director of the Atlantic Council's Economic Statecraft Initiative, told the publication, "We know what's happening based on patterns of behavior and observations from various sources, just like parts of Manhattan and parts of London. They're known as places where real estate will reliably retain its value."

The greater Miami region that Sunny Isles Beach is part of is also a popular place for birth tourism. Russian women have fueled a baby boom there in recent years.

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As NBC News reported in 2018 , having a baby in Miami is considered a status symbol in Moscow. Russian birth tourists told the publication that giving birth there means getting an American passport and better medical care. It's a legal act, as long as documents are filled out honestly, that allows their children the right to American citizenship and to sponsor their parents for a green card once they turn 21.

Wealthier Russians even hire agencies that offer birth-tourism packages that cost anywhere from $50,000 to $100,000, according to NBC News. Some of these companies offer Trump apartments as part of the package, the Daily Beast's Katie Zavadski reported . For $84,700, expectant Russian mothers can get an apartment in a Trump Tower with a gold-tiled bathtub and chauffeured Mercedes-Benz. 

Not all of the money flowing into Little Moscow is from Russia, nor is it all "dirty." And not all of the people who live there are wealthy.

The Herald's Wilner reported that the area has also seen investments by overseas buyers in Europe and Latin America.

And, as Ari Odzer reported for local outlet NBC Miami , Sunny Isles Beach is also a sanctuary for refugees from the old Soviet Union and Russians on tourist visas. For this reason, he said, it's also known as Little Kyiv, Little Odessa, and Little Minsk. 

Locals told Odzer that the Russia-Ukraine conflict is dividing residents, with some supporting Putin and others who don't but are too afraid to say anything. Odzer wrote "the fear of Putin is a real phenomenon," considering he could barely get any Russians to speak on the record about their president.

Russian real-estate purchasing has been slowing down in recent years because of sanctions.

Tightened US sanctions in light of Moscow's interference in the US elections, as well as the Kremlin banning thousands of rich Russian law-enforcement officials from traveling abroad, left many Russians renting or selling their Sunny Isles Beach condos, the Daily Beast's Anna Nemstova reported in 2019 . 

"Russians can be easily recognized by their Bentleys and Rolls-Royces," Bell, the Russian real-estate agent, told Nemstova at the time. "But this year the sales have gone down. It is becoming problematic for the Russian elite to take their money out of the country; and here the rules demand full disclosure, the name of the buyer and the source of money."

However, Little Moscow still held the attention of "Russian corrupt bureaucrats," Ilya Shumanov, the deputy head of Transparency International, added. Those who could still travel came during the winter and conducted deals at restaurants in the Bal Harbor mall before returning home to conduct business again, Nemstova wrote.

Brokers also recently told Wilner that Russian purchases have dwindled in the past few years, but said that could change with new developments like the Bentley Tower and the St. Regis Sunny Isles.

Now, Russian elites in the area are worried new sanctions stemming from the Russia-Ukraine conflict could prevent them from buying real estate.

President Joe Biden issued sanctions last week targeting Russia's elite and their families and restricting the Kremlin's ability to access Western financial institutions.

"We are extending the reach of US sanctions to prevent the elites close to Putin from using their kids to hide assets, evade costs, and squander the resources of the Russian people," a National Security Council official told Wilner. "This is a new approach."

While Little Moscow's elites are worried future sanctions will threaten their lifestyle, experts told Wilner the sanctions currently in place were unlikely to have a strong effect in South Florida. 

Anders Åslund, a Swedish economist and the author of "Russia's Crony Capitalism: The Path From Market Economy to Kleptocracy," doesn't think this will affect the Russian rich in the greater Miami region that Little Moscow is in. He told Wilner that the Miami Russians weren't powerful enough to feel the sanction burn.

As he put it, "These are comfortable people, rather than the top people."

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News Wrap: Golan Heights damaged by Hezbollah rocket attack on Israel

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In our news wrap Wednesday, Hezbollah fired more than 50 rockets toward Israel, Congo health authorities reported more than 1,000 mpox cases in the last week, divers recovered five more bodies from the luxury yacht that sank off Sicily’s coast, Russia says Ukraine launched a large drone attack on Moscow, and revised data showed the U.S. economy added fewer jobs than previously reported.

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Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors.

William Brangham:

Hezbollah fired more than 50 rockets towards Israel today, some causing damage in the Israeli-annexed Golan Heights. Israel's ambulance service reported the projectiles hit several private homes and injured one person, causing alarm among community members.

Einav Perez, Golan Heights Resident (through interpreter):

Some of the residents want to leave. Others are patriots who want to stay. But it cannot continue this way. Every sound of a door shutting makes us think it's a boom. This time, it wasn't a door, but a serious boom that cost us a lot.

Hezbollah says the barrage was in response to Israeli airstrikes deep inside Lebanon.

Residents of one Lebanese village held a funeral today for a man they say was killed in an Israeli attack. It comes a day after Secretary of State Antony Blinken met with mediators in the region to push a proposal aimed at bridging the gaps in the Gaza cease-fire talks. Egyptian officials reportedly expressed skepticism today that Hamas would in fact accept that proposal. Talks are expected to resume in Cairo tomorrow.

Health authorities in Congo say they have recorded more than 1,000 mpox cases in the last week amid an urgent need for vaccines. Congo accounts for more than 90 percent of the cases reported in Africa so far this year. Last week, the WHO classified the outbreak as a global health emergency.

African officials say Western nations in Japan have pledged several hundred thousand vaccine doses, but Congo's health minister says the country alone needs some three million doses to control the outbreak.

In Italy, divers found five more bodies while searching the luxury yacht that sank off the coast of Sicily on Monday. Recovery crews unloaded body bags from a rescue vessel in Porticello. They're still searching for one final missing person. Fifteen other passengers and crew escaped in a lifeboat and were rescued.

Authorities say they believe the British-flagged Bayesian, seen here in file video, was struck by a tornado on the water, which is known as a water spout. But questions remain as to why the yacht sank so quickly.

Russian officials say that Ukraine launched one of its largest drone attacks on Moscow last night since Russia's invasion in 2022. Russia claims to have struck down 45 drones, including 11 over Moscow itself. There has been no independent verification of those figures.

That comes as Ukraine digs in to defend the city of Pokrovsk in Eastern Ukraine from Russian advances. Its capture would be an important victory for Russia, as Ukraine pushes forward with its own incursion further north in Russia's Kursk region.

In Moscow today, a Foreign Ministry spokesperson said Ukraine's military advances there undermine any chances for peace talks.

Maria Zakharova, Spokeswoman, Russian Foreign Ministry (through interpreter):

Who will negotiate with them after this, after the atrocities, the terror that they are committing against peaceful residents, the civilian population, infrastructure and peaceful facilities?

Ukraine's military claims to have taken nearly 500 square miles in Kursk since it first entered Russian territory earlier this month.

Back here in the U.S., the economy added far fewer jobs last year and into 2024 than previously reported. In its revised data out today, the Labor Department said that there were 818,000 fewer jobs created between April of last year and this March. That's an average of 174,000 jobs per month, far fewer than the 242,000 that was initially reported. This downgrade follows a disappointing report last month and comes as the U.S. Federal Reserve considers whether to cut interest rates next month.

On Wall Street today, stocks ended slightly higher after the Fed raised hopes of an interest rate cut next month. The Dow Jones industrial average added 55 points, inching closer to the 41000-point level. The Nasdaq tacked on more than 100 points for a ninth win in 10 sessions. The S&P 500 also ended higher on the day.

And we have two passings of note.

New Jersey Congressman Bill Pascrell Jr. Died earlier this morning. The 14-term Democrat was a fixture of his hometown of Paterson, where he had served as mayor, before running for Congress in 1996. Pascrell was a long time advocate for emergency responders and sat on the powerful House Ways and Means Committee. No cause of death has been announced, but he had been in and out of the hospital for months.

Congressman Bill Pascrell was 87 years old.

Also today, NBA Hall of Famer Al Attles has died. As one of the first Black head coaches in the league, Attles led the Golden State warriors to a championship in 1975. Attles, seen here defending a pass in 1963, was known as the Destroyer for his particularly physical style of play.

He spent six decades with the Warriors as a player, a general manager, and team ambassador. It is the longest stint by a player with the same franchise in NBA history. Al Attles was 87 years old.

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Tech tycoon Mike Lynch, finance executive Jonathan Bloomer among victims found dead on sunken yacht

British tech tycoon Mike Lynch and Morgan Stanley International chair Jonathan Bloomer were among the victims found dead on a luxury yacht that sank off the coast of Sicily on Monday.

Lynch’s death was confirmed by people with direct knowledge of the matter who asked not to be identified. Bloomer and his wife Judy were among the dead, their children said in a statement Thursday.

They were among the five who have been recovered from inside the sunken ship. One person remains missing after the Bayesian was hit by a tornado near Porticello, Sicily, on Monday. Adding to the complexity of the search mission is the “narrowness of the spaces” inside the sunken yacht and “the presence of many objects,” the coast guard said.

Overall, of the 22 passengers in the boat, 15 were rescued Monday. The body of Recaldo Thomas, the ship’s chef, was found soon after the Bayesian sank.

Lynch’s daughter Hannah, Clifford Chance partner Chris Morvillo and his wife Neda have not been officially accounted for.

Italian authorities are investigating exactly how the Bayesian sank – and why it sank so quickly – in a storm that struck in the early hours of Monday morning. The captain and other survivors have been questioned by the local prosecutor’s office, according to Italian media.

The U.K.’s Marine Accident Investigation Branch said it’s also probing the incident, with questions centered on the expansiveness of the yacht’s mast and the state of the hull.

“Right now, there is no evidence that the mast has been snapped,” coast guard spokesman Vincenzo Zagarola told Bloomberg News. “We can also say that, so far, there is no evidence that the hull has been broken. But we don’t have a clear idea yet of the full damage.”

The head of the company that built the Bayesian said the luxury yacht should have been “unsinkable” given sailboats are built in a way that allows for significant listing without capsizing.

“That ship is unsinkable because it is a sailboat,” Italian Sea Group Chief Executive Officer Giovanni Costantino said in an interview with Bloomberg News. His company bought Perini Navi, the Italian shipbuilder that made the Bayesian, in 2022.

Crews aided by military ships, remote-controlled underwater vehicles and helicopters have been searching for missing passengers since Monday. Six guests, including Lynch’s wife Angela Bacares, and nine crew have been rescued.

Lynch, 59, and his family were celebrating his recent acquittal from fraud charges with a small group of advisers when the violent storm struck. The charges stemmed from Lynch’s sale of his software firm Autonomy Corp. to Hewlett Packard Co. in 2011. The Silicon Valley giant went on to accuse Lynch of accounting failures. He’d spent years working to clear his name in court and restore his reputation as one of Europe’s most successful entrepreneurs .

A little more than two months before the yacht accident, a San Francisco jury found Lynch not guilty of criminal charges that he duped HP into overpaying for his company. He was still fighting HP in a civil case in London, where a British judge held him responsible for creating the illusion of a company much larger and more successful than it was.

Rescue workers have had difficulties gaining access to the yacht some 50 meters, about 160 feet, below the surface, citing the depth and position of the vessel’s hull.

“The search will go on as long as necessary,” Zagarola said. “For sure, the whole hull will need to be inspected meter by meter.”

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As the new school year begins, local juniors and seniors in the Greater Spokane area find themselves standing at the precipice of their future.

It Sank in 15 Minutes. How Tragedy Struck Mike Lynch’s Yacht.

P ORTICELLO, Italy—The sun set over a calm Mediterranean Sea as the Bayesian approached this small fishing town on the north coast of Sicily.

On the teak deck of the 180-foot superyacht, British tech mogul Mike Lynch was enjoying a new lease on life together with his family, friends and lawyers after his against-the-odds acquittal in a California trial.

The 59-year-old software entrepreneur, once hailed as the British Bill Gates, was celebrating with his wife and daughter, along with big names in law and banking in New York and London, and others who had helped him during his years fighting what the U.S. Justice Department had alleged was a massive accounting fraud. Friends joined and left as Lynch crisscrossed the Mediterranean, including stops at Positano and Palermo.

Lynch vowed to keep the maritime celebration rolling. He told another of his lawyers, Brian Heberlig, who had begged off this summer’s festivities because of other travel plans, that he wouldn’t be allowed to miss next year’s trip.

Amid the festivities came a shock on Sunday. Lynch’s co-defendant, Stephen Chamberlain, who had also been acquitted, had just been fatally hit by a car while out for a run at home in England. From the yacht, Chris Morvillo, a former U.S. prosecutor who had helped lead Lynch’s defense for more than a decade, emailed Heberlig and other legal colleagues to share the tragic news.

The Bayesian dropped anchor for the night a short distance outside the harbor wall of Porticello, in a wide bay east of Palermo. The lights on its aluminum mast—once the world’s tallest, but now eclipsed by a vessel owned by Jeff Bezos—shone like a Christmas tree as night fell.

Another large yacht, the Netherlands-flagged Sir Robert Baden Powell, was at anchor nearby.

The day had been sunny and hot. The night was clear and starry.

It was an unusual place for luxury yachts to linger, said local fishermen. The exposed spot offered less protection than the waters beneath the nearby mountain of Capo Zafferano, or the much larger port of Palermo.

And there was a storm warning. Porticello’s fleet of around 30 seaworn fishing boats were all inside the harbor wall as fishermen decided against going out to work that night.

The storm struck shortly before 4 a.m.

“The sea was an inferno for 15 minutes. Then it was calm again,” said local fisherman Giuseppe Balistreri.

When the lashing rain eased, the Bayesian was gone.

Divers struggle

Heberlig received a phone call on Monday morning from a U.K. number he didn’t recognize. He thought it was Morvillo, calling to commiserate about Chamberlain. Instead, it was someone else, calling to tell him that tragedy had also struck Morvillo, Lynch and others on the yacht.

Since Monday, Italian authorities have been investigating what caused the Bayesian to sink in a matter of minutes a few hundred yards from the harbor. They have interviewed survivors, reviewed photos and closed-circuit television footage and are analyzing the wreck, including with an underwater drone.

A prosecutor has begun an investigation into potential manslaughter and causing a shipwreck through negligence. The probe is at an early stage and is still reconstructing the incident to ascertain who may have been culpable, the prosecutor, Ambrogio Cartosio, said on Saturday.

It took salvage divers five days and 123 dives to search the yacht for bodies as it lay on its side on the Sicilian seabed. In the darkness 160 feet below the surface, divers found its tight corridors were blocked by furniture, electric cables and other debris.

On Thursday, Lynch’s body arrived in the harbor in a blue body bag. The bodies of five other passengers have also been recovered from the yacht: Morvillo and his wife, Neda, a jewelry designer; Morgan Stanley International Chairman Jonathan Bloomer and his wife Judy; and Lynch’s 18-year-old daughter, Hannah, the last to be brought ashore on Friday.

The ship’s cook, Recaldo Thomas, was found lifeless in the sea soon after the boat went down.

Lynch’s wife, Angela Bacares, was among the survivors, along with five other guests and nine of the 10 crew.

From the harbor wall of this modest fishing port, international media and curious locals watched the somber progress of coast-guard boats bearing shrouded cadavers. Investigators questioned the yacht’s surviving crew and passengers at a nearby vacation resort. Local fishermen wondered how such an impressive vessel could have sunk in a sharp but short tempest.

“It breaks my heart to think that these people died so close to where I cast my nets,” said Balistreri.

The surviving crew members of the Bayesian, secluded by Italian authorities, were unavailable for comment. The Lynch, Bloomer and Morvillo families declined to comment.

Gone in minutes

Throughout its history, the Mediterranean Sea has been known as much for its treachery as for its beauty. Sudden storms have sunk ships here since humans learned to sail.

In recent years, the Mediterranean has become a graveyard for thousands of migrants from poor or war-torn countries, who continue to drown while trying to cross the hazardous sea in rickety boats in search of safety or a better life in Europe.

The Bayesian’s Italian manufacturer has angrily rejected suggestions by some marine engineers that the yacht’s 240-foot-high aluminum mast might have contributed to the accident, instead accusing the crew of a series of mistakes that led to the boat taking on water in the storm until it capsized.

The speed with which the $35 million boat disappeared under the waves has flummoxed even seasoned maritime accident investigators. “In my many years of accident investigation I can’t recall anything similar to this,” says Gavin Pritchard, a former investigator at the U.K. Marine Accident Investigation Branch, who probed sunken wrecks for a decade.

‘Saying goodbye to everything’

A few weeks earlier, in June, Lynch had hugged his weeping wife in a San Francisco courtroom after a jury found him innocent of fraud and conspiracy. Around him, a legal team co-led by Morvillo, some of whom had devoted many years to Lynch’s defense, was also in tears.

The British mogul had earlier resigned himself to spending the rest of his life in a U.S. prison. Lynch was flown in chains last year from London to California to face his trial over allegations that he had artificially inflated the value of Autonomy, a software company he founded, when he sold it to Hewlett-Packard in 2011 for more than $11 billion. “It’s a 0.7% acquittal rate,” he later said in an interview. “You basically go round saying goodbye to everything.”

It was a twist of fortune for a man who spent most of his career feted as a rare example of a British tech titan. Lynch, who grew up in London, the son of a nurse and firefighter, started out with a secondhand computer and a Ph.D. in mathematical computing from Cambridge University, drawing on the work of 18th-century statistician Thomas Bayes.

In 1996 Autonomy was spun out of a company called Cambridge Neurodynamics, which was an early venture into using machine learning to trawl data sets. Quickly a stock-market darling, Autonomy offered software that used Bayes’s techniques to process massive amounts of data for clients ranging from banks to intelligence agencies.

Lynch cultivated a hard-charging sales culture, had a piranha tank in the office and named conference rooms after James Bond movies. Lynch drove one of Bond’s favorite types of cars, too, a vintage Aston Martin.

HP’s acquisition of Autonomy gave Lynch a payday of about $800 million. Lynch stayed on, while investing some of his wealth in raising rare breeds of cows and pigs at his English farm.

In 2014, a company owned by his wife, Angela, bought the fateful yacht, made six years earlier by Tuscan luxury boat builders Perini Navi, and renamed it Bayesian after the statistician.

HP claimed that Lynch and senior finance executives had cooked Autonomy’s books. Lynch, who denied this, was fired from the company in 2012.

Morvillo, 59 years old and a senior partner at law firm Clifford Chance in New York, became Lynch’s attorney—a prominent federal prosecutor for the Southern District of New York who had worked on cases linked to the Sept. 11, 2001, terrorist attacks and money laundering. Lynch’s case would consume a third of his professional life, and the two men became close friends.

Lynch and Morvillo argued that HP had botched the integration of Autonomy and was trying to pin its wider corporate failings on him. Lynch said that Autonomy’s accounting was in line with other software companies’.

In 2018, the U.S. government charged Lynch, alleging that he and his lieutenants had used false and misleading documents to make Autonomy more attractive to a potential buyer.

In May 2023, after losing a fight against extradition to the U.S., Lynch said goodbye to his six dogs, his wife and two daughters, walked around the corner from his West London home, and was ushered into a waiting police car which drove him to Heathrow airport.

He spent the next year living under house arrest in a San Francisco townhouse, with an electronic tag on his ankle, CCTV cameras in multiple rooms, and guarded by armed ex-Navy SEALs to make sure he stayed put. His family had posted a $100 million bond. He bought a sheepdog puppy for company.

Tears in the courtroom

Lynch faced trial along side Chamberlain, a former finance official at Autonomy. During the three-month trial, which involved around 16 million documents, Lynch’s lawyers argued that he had acted in good faith and wasn’t an expert in arcane accountancy matters.

Lynch’s defense team also leaned on a key witness, Bloomer, a City of London grandee and chairman of Morgan Stanley International, who had formerly chaired Autonomy’s audit committee.

The defense team gambled and got Lynch to testify. “You and I have met a lot, right?” Morvillo asked Lynch in the witness stand. “You’re probably sick of me at this point?”

“It’s a bit like we’re married sometimes,” Lynch responded, to laughter in the courtroom.

The jury cleared Lynch and Chamberlain on all 15 counts. Bacares rushed into the well of the courtroom, where spectators aren’t allowed, and threw her arms around her husband.

“I’ve never seen a moment like it in the courtroom before,” Morvillo recalled, talking on the podcast For the Defense. “Grown people sobbing, hugging, people clapping. It was remarkable.”

Lynch described the verdict as a fork in the road of his life. “It’s Schrödinger’s cat,” he later said. “You open the box and you are in one universe or the other.”

‘Only the captain knows the truth’

Rising sea temperatures in the Mediterranean are leading to more frequent maritime tornadoes known as waterspouts: short-lived but powerful twisters made of air and water that can lift up or capsize boats.

Locals in Porticello say such a tornado hit the yacht. But the Bayesian should have been able to withstand it.

“As a fisherman I ask myself: How can a boat of 56 meters sink, even if a waterspout passes directly over it?” said Balistreri. He said the biggest danger is if a boat at anchor gets sideways in the wind and the sea pours in over the gunwale and into the hold.

“Only the captain knows the truth,” he said.

In the last year there were over 600 waterspouts around Europe, according to the European Severe Weather Database.

Giovanni Constantino, chief executive of the Italian Sea Group, parent company of the Bayesian’s manufacturer, told Italian media that the yacht could sink in such a storm only if it took on too much water while tilting in the gale with open doors or hatches.

The crew should have prepared the ship, given the storm forecast, including by closing all doors and gathering the passengers, he said.

CCTV footage from the shore shows how the Bayesian with its brightly lit mast leans hard to starboard. The lights go out as the gale hardens. That could indicate a power failure caused by water flooding into the yacht, Constantino said.

The wind and rain intensify so much that the yacht disappears from view in the video.

Data from MarineTraffic, a maritime-information provider, shows both the Bayesian and the Sir Robert Baden Powell, anchored nearby, drifting southeast when the storm hit, suggesting their anchors were slipping. The captain of the Dutch ship, Karsten Börner, turned his engine on and maneuvered to keep his stern to the wind, avoiding being pushed sideways, he told reporters later.

Within minutes, after the storm had passed, Börner said he looked around but could no longer see the Bayesian. The crew of the sinking yacht fired a red flare, spotted also by some local fishermen, who sped out in their boats to help.

Börner saw and picked up an orange inflatable life raft, carrying 15 survivors of the Bayesian.

Seven people—Lynch and his daughter, the Morvillos and the Bloomers, and the cook Thomas—hadn’t made it out of the yacht in time.

Write to Marcus Walker at [email protected], Max Colchester at [email protected] and Aruna Viswanatha at [email protected]

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How did the superyacht carrying tech tycoon Mike Lynch sink off Sicily?

Lynch’s was among five bodies retrieved by divers on Wednesday after the Bayesian sank, according to reports.

Five bodies were retrieved on Wednesday, and a sixth on Friday , by divers searching for those missing from the superyacht which sank off the Sicilian coast in the Mediterranean. The bodies found include British tech tycoon Mike Lynch , the UK’s Telegraph reported. The bodies have not been formally identified by the authorities yet.

It is understood that they were retrieved from inside the sunken yacht, which is reported to be lying on its side on the sea bed at a depth of 50 metres

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One dead, six missing after luxury superyacht capsizes off sicily coast, luxury yacht sinks off sicilian coast, uk extradites autonomy co-founder mike lynch to us, how serious are the wildfires near athens, greece.

This brings the total death toll to seven; one person, reported to be the chef from the yacht, was confirmed dead on Monday.

The yacht capsized on Monday at about 5am (03:00 GMT) after it was hit by stormy weather caused by a “waterspout” – or mini tornado – according to Italian authorities.

The cruise had reportedly been undertaken to celebrate the acquittal of Lynch in a fraud trial in the United States in June.

His co-defendant in the trial, Steve Chamberlain, who was also acquitted in June, was killed after being hit by a car on Saturday.

Here’s what is known so far about the yacht, those on board and who died or were still missing after it sank.

Who was on the superyacht which sank?

According to the Italian coastguard, the 56-metre-long (184 feet) British-flagged yacht, called the Bayesian, was carrying 22 people, including 10 crew members.

One person has been confirmed dead after rescuers located a body on Monday at a depth of about 50 metres (164 feet), the AFP news agency reported. Officials have not yet given the name of the deceased but Italian media reported that he was the yacht’s chef.

AFP reported on Tuesday that divers had spotted a second body inside the sunk boat, quoting a source close to the search operation. Authorities have not confirmed it yet, though.

While not all the names of the six missing passengers were not made public officially, they were understood to include:

• Mike Lynch, 59, a British-Irish technology businessman who co-founded British tech company Autonomy in 1996 and was once likened to Microsoft founder Bill Gates; he earned a PhD from Cambridge University
• Hannah Lynch, 18, Mike’s daughter, who had just completed her final school exams and was due to begin a degree in English at the University of Oxford this September
• Jonathan Bloomer, the 70-year-old British chairman of Morgan Stanley bank and the Hiscox insurance company, was confirmed as missing by Hiscox CEO Aki Hussain
• Judy Bloomer, Jonathan’s wife, was also confirmed as missing by Hussain
• Chris Morvillo, from British international law firm Clifford Chance, was confirmed to be missing by Salvatore Cocina, head of the Civil Protection in Sicily

Fifteen people, including Lynch’s wife, Angela Bacares, were rescued. Among others rescued were Charlotte Golunski, 36, a board director at Luminance, a software startup founded by Lynch; her husband, James; and their one-year-old daughter, Sophie. Golunski is understood to have kept her daughter alive by holding her above her head while she was in the water.

All those rescued are in stable condition, although eight of them have been hospitalised, according to Italian news agency Adnkronos.

What do we know about the Bayesian?

Italian shipbuilder Perini Navi constructed the superyacht in 2008 and refitted it in 2020, according to the company’s website.

The yacht’s owner is listed as Revtom Limited, a firm solely owned by Lynch’s wife, Bacares, according to company documents seen by the Reuters news agency.

It was formerly called Salute but was renamed Bayesian after Lynch’s PhD thesis and his software that earned him a fortune. Both of these were based on the statistical Bayesian theory, championed by mathematician Thomas Bayes.

Where was the Bayesian last seen and where was it going?

The Bayesian was last located on Sunday evening in the Tyrrhenian Sea, east of the harbour at Porticello, according to ship tracking websites Vessel Finder and Marine Traffic.

Porticello is a port city located near the Sicilian capital, Palermo.

The yacht had departed on August 14 from the Sicilian port of Milazzo. Its destination was reported to be the Italian city of Bagheria by the tracking websites.

Did a waterspout cause the yacht to sink?

Italian authorities reported that the stormy conditions that caused the yacht to sink were triggered by a waterspout.

A waterspout is a rotating column of whirling air and water mist – sometimes referred to as a mini tornado – according to the website of the US National Ocean Service.

The website adds that a tornadic waterspout is a tornado that forms over water or moves from land to water. They are similar to land tornadoes and can occur during thunderstorms.

Who is Stephen Chamberlain and how is he connected to this case?

Chamberlain, 52, was Lynch’s co-defendant in a fraud trial in San Francisco, which saw both men acquitted in June.

Chamberlain died in a hospital from injuries sustained when he was hit by a car while out running in Cambridgeshire, United Kingdom, on Saturday. His death was confirmed by his lawyer Gary Lincenberg in a statement on Monday.

The fraud case related to Hewlett Packard’s $11bn acquisition of Autonomy, the firm Lynch grew into the UK’s leading tech company before it spectacularly unravelled after being bought by HP in 2011.

Lynch was extradited to the US in May 2023 and he spent more than a year under house arrest before his acquittal. Chamberlain was the former vice president of finance at Autonomy.

The yacht trip was supposedly a celebration of Lynch’s acquittal.

How did the rescue operation unfold?

Specialist divers began a search anew for the six missing people on Tuesday. Three divers, equipped with oxygen cylinders, descended beneath the surface to examine the wreck.

They initially faced difficulty accessing the yacht’s chambers because they were constricted by furniture.

An investigation into the wreck has been opened by prosecutors in the nearby Sicilian town of Termini Imerese.

What have survivors and witnesses said about the incident?

“It was terrible. The boat was hit by really strong wind and shortly after it went down,” survivor Golunski told the ANSA news agency.

She added that she had lost hold of her one-year-old daughter in the water for “two seconds”, but then managed to grab her and hold her up over the waves until a lifeboat inflated and they were both pulled to safety. She reported that people were screaming.

Karsten Borner, a captain of a nearby yacht who witnessed the sinking, said he had turned on the engine of his ship to prevent collision with the Bayesian. “We managed to keep the ship in position and after the storm was over, we noticed that the ship behind us was gone,” he told reporters.

Bloomer’s wife, Judy, is a trustee of the Eve Appeal, a UK-based gynaecological cancer research charity. Athena Lamnisos, the CEO of the Eve Appeal, was quoted by the BBC saying she was “deeply shocked to hear the news that our very dear friend and her husband Jonathan, are among those missing”.

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Until Labor Day

Wisconsin's Premier Private Marina

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Whether you stay one weekend or every summer, the memories you make here will last a lifetime. The Abbey Marina , located on the west end of the lake, is a full-service 417 slip facility with the only protected harbor on Geneva Lake . We take care of everything, so you can relax and enjoy the lake. While you’re here and when you’re not, you’ll know that your boat is safe and secure.

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The Abbey Marina, located on the west end of the lake, is a full-service 417 slip facility with the only protected harbor on Geneva Lake.

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Experience geneva lake.

With its sparkling blue waters, gorgeous shoreline, and fascinating history, Geneva Lake remains a world-class destination for boaters. Dining, shopping, golfing, next to world class spas and resorts – it’s all right here. Lake Geneva, named Newport of the West and only 90 miles from Chicago, is a popular summer home to many of the rich and famous. It’s no surprise that many of them keep their boats at the Abbey Marina.

The efficiency and professionalism of our friendly staff will make you and your boat feel at home. The friendships and experiences will keep you coming back. The memories will last a lifetime.

The Abbey Marina – Where you and your boat deserve to be.

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