Kwok Trustee Defends Yacht Sale In District Court Appeal
By Aaron Keller ( September 7, 2023, 7:32 PM EDT) -- The Chapter 11 trustee overseeing the Connecticut bankruptcy of Chinese exile Ho Wan Kwok is defending his sale of a $23 million "superyacht" to benefit Kwok's creditors, telling a federal district court judge the sale was necessary because Kwok lived "an extraordinarily luxurious lifestyle" while claiming virtually no assets....
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