💰UK lawyer Ronald Gibbs misappropriated and hid $25 million from a Saudi princess.
🏝️The Grand Court in the Cayman Islands has frozen Gibbs' assets in the Caribbean.
💔Gibbs was ordered by a UK court to repay $39.5 million to the princess in 2024.
🛥️Gibbs owns a $21.4 million yacht named Alysium, which is included in his frozen assets.
💼Gibbs used the misappropriated funds to purchase properties and invest in a yacht building company.
How much money did Ronald Gibbs misappropriated from the Saudi princess?
—Ronald Gibbs misappropriated $25 million from the Saudi princess.
What happened to Gibbs' assets in the Caribbean?
—The Grand Court in the Cayman Islands has frozen Gibbs' assets in the Caribbean.
How much money was Gibbs ordered to repay to the princess?
—Gibbs was ordered by a UK court to repay $39.5 million to the princess.
What is the value of Gibbs' yacht?
—Gibbs owns a $21.4 million yacht named Alysium.
How did Gibbs use the misappropriated funds?
—Gibbs used the misappropriated funds to purchase properties and invest in a yacht building company.
00:00Introduction and background of the story.
00:23The UK court ordered Gibbs to repay $39.5 million to the princess.
01:03Gibbs claims to be broke in the UK court but has $45 million in assets in the Cayman Islands.
01:57Gibbs used the misappropriated funds to purchase a yacht named Alysium.
04:40The yacht has lost a value of $5.8 million and is currently for sale.
05:58The Grand Court in the Cayman Islands has frozen Gibbs' assets.
06:12Conclusion and call to action for more information on the story.
