Excell Auto Group Accused of Engaging in Massive Fraud

Fourth EstateScott Zankl of Excell Auto Group of Boca Raton, Florida

Excell Auto Group, a luxury car dealership in Boca Raton, Florida, faces lawsuits for allegedly engaging in a multi-million dollar fraud. The latest lawsuit filed by Prestige Luxury Cars in Palm Beach County Circuit Court claimed that Excell did not …

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Tesla to Open Texas “Gigafactory” with a “Cyber Rodeo”

Fourth EstateTesla Gigafactory Texas

Tesla will hold an event at Gigafactory Texas as the grand opening of its USD 1.1 billion factory on Thursday. The invite-only event called ‘Cyber Rodeo’ will have roughly 15,000 attendants and will start at 4 PM local time. Cyber …

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Chanel Bars Sales of Products to Russians Abroad

Chad DavisChanel Outlet - Chad Davis/Flickr

Chanel has ceased selling its products to Russians who intend to take their products to their country following the closure of its stores there.  According to a statement from Chanel published on BBC, sanctions implemented by the European Union and …

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UK Seizes Russian-owned Superyacht in London

Fourth EstateTransport Secretary Grant Shapps standing in front of a Superyacht named Phi with a value of £38m (est. $49 million) has been seized by UK authorities. - Transport Secretary Grant Shapps

A Russian-owned superyacht was detained today in London, a local official announced.  Transport Secretary Grant Shapps shared an image of the superyacht named Phi with a value of £38m (est. $49 million) in a tweet.  “This Government will continue to …

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Gibraltar Seizes $75 Million Superyacht Axioma Owned by Sanctioned Russian Oligarch

Fourth EstateView of the stern and "beach club" of the 72 meter super yacht Axioma.

Authorities in Gibraltar seized a $75 million superyacht belonging to sanctioned Russian oligarch Dmitry Pumpyansky on March 21. The Gibraltar government confirmed that the 240-foot Axioma owned by Pumpyansky was “the subject of an arrest action by a leading international …

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Dior Announces Indefinite Postponement of Travis Scott Collaboration Line

Travis Scott and Dior have reportedly decided to postpone the launch of their “Cactus Jack Dior” line of products indefinitely, which was scheduled for January 2022. The news comes after a difficult few weeks for Scott, who has been hit …

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Italian Supercar Maker Lamborghini’s Profits Soar Fueled by Chinese Markets

Italian car maker Lamborghini has its most profitable year on record in 2020, driven by increased demand in Chinese markets. Sales numbers came in slightly under last years performance, but the increased sale of customized super cars pushed profits to …

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