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U.S. Prosecutors Argue Amadea Is Owned By Sanctioned Oligarch As KleptoCapture Taskforce Is Disbanded | Superyacht Times

On Behalf of | Feb 10, 2025 | Firm News, Latest Significant Matters

Adam Ford, Partner Ford O’Brien Landy LLP who is the lead lawyer for Khudainatov, described Amadea as “the crown jewel” of the Task Force Kleptocapture’s efforts and asserted that closing arguments further reinforced Khudainatov’s claim to ownership.

Created under President Joe Biden, Task Force KleptoCapture was instrumental in prosecuting Russian oligarchs and seizing their assets as part of a wider strategy to isolate Moscow from global financial markets.

Since its inception, the task force led to the seizure of yachts belonging to sanctioned oligarchs, including Suleiman Kerimov and Viktor Vekselberg. While ongoing cases initiated by the task force will continue, its dissolution means the work will no longer be coordinated from Justice Department headquarters.

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