Fraudster Chose The Wrong Yacht

Not sure if you caught the article in the Sunday Times about Dean Rees, who ran a ponzi scheme which sucked in and spat out the likes of former Pick n Pay CEO, Sean Summers. You can read the article here, if you missed it. So anyway, he has run off to Switzerland, where he continues the starring role in his make believe game. That’s until the task team investigating him get their ducks in a row and get him extradited to face the music back in South Africa.
Not that we should focus too much on the fraud here.
It mentioned in the article that he had a Ferrari 599 and also hired a yacht to celebrate his wife’s birthday in St. Tropez, back in 2008. The Sunday Times reported that he spent R500,000 a day hiring it out, although the charter website reckons the yacht goes for around € 175,000 a week (around R1.8million). That works out to around R250,000 a day, by my calculations.
And judging by the pictures on the yacht charter website, old Deano did himself a great injustice by hiring the yacht, Tommy. Besides the fact that the furniture is kak, there was another yacht on the same website for sale, which was far more desirable. At €49,000,000 (half a billion Rand), allow me to introduce you to “April Fool.”

One of the lounges on the yacht, ‘April Fool’

Now we all know the phrase “If it floats, flies, or f*cks, rent it” – which is the phrase often used by wealthy people, but rarely used by billionaires. That’s because billionaires simply buy yachts like the one above. Instead of dicking around renting yachts with rubbish furniture.