The North Korean bulk cargo carrier formally seized by the United States this week could become an auction item or a training boat for Navy SEALS.
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.
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