Seized N. Korea ship accused of violating US sanctions could be auctioned

The Wise Honest, North Korea’s second-largest cargo vessel, is on its way to American Samoa after federal prosecutors said Thursday that the ship was seized because it carried banned exports of North Korean coal.

“Our Office uncovered North Korea’s scheme to export tons of high-grade coal to foreign buyers by concealing the origin of their ship, the Wise Honest," the statement continued."This scheme not only allowed North Korea to evade sanctions, but the Wise Honest was also used to import heavy machinery to North Korea, helping expand North Korea’s capabilities and continuing the cycle of sanctions evasion. With this seizure, we have significantly disrupted that cycle.

Assets seized by the feds are often put up for sale at auction. If that’s what happens in this case, then the Wise Honest could be purchased and put back into service as a commercial ship. Levin, the former chief of the Money Laundering and Asset Forfeiture Unit of the Southern District of New York, referred back to the sale of another large asset that had been used to help compensate terror victims: a skyscraper in New York City at 650 Fifth Avenue.

Artificial reef?

It wasn't from trump order to seize it. The pacom did it for its fear of spy on the naval strategic sub activity in samoa region. It says the target of retaliation is already set. Let see how it can be played out.

👍

Target ship

The Sea Pirates need a Boat ,Sell to them 💰👍😆❗

Good

SOLD🔨(⬅️gavel)!!!

OK, I'm not an expert in maritime law but I thought the coal is the issue? Shouldn't the ship be returned to its owners? Seriously, if this was Scotland impounding one of DT's golf course there would be loud screams and high pitched girly noises from the Oval Office. Keep the 1/2

The US is lost.

Fake fuking news. I'm sure that tRUMPS North Korean dictator boyfriend gave it to him to make him look good

Why not sink it

How about we put the current administration and all of its sycophants on board and just set it adrift?

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