The former Presidential yacht Sequoia, a classic 104-foot, 1926 Trumpy, is being sold to a group of investors in India for zero dollars to settle a lawsuit filed in Delaware. First used by President Hoover, the yacht was sold in 1977 by President Carter and was last bought by a Washington lawyer who used it for private charters. He ultimately borrowed money from the Indian group for repairs, which resulted in the lawsuit. In his ruling, the Delaware judge said, “The Sequoia, an elderly and vulnerable wooden yacht, is sitting on an inadequate cradle on an undersized marine railway in a moribund boatyard on the western shore of the Chesapeake, deteriorating and, lately, home to raccoons.” For more:
https://gcaptain.com/u-s-judge-says-ex-presidential-yacht-can-sold-0/
