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CT Yacht Sharing Club Exec Sentenced For Defrauding Investors CT Yacht Sharing Club Exec Sentenced For Defrauding Investors
CT Yacht Sharing Club Exec Sentenced For Defrauding Investors A former executive at a yacht sharing club has been sentenced to time behind bars in district court in Connecticut. John Durham, the United States Attorney for the District of Connecticut, announced on Friday that Fort Lauderdale resident Andrew Deme, 52, has been sentenced to 18 months in prison, followed by three years supervised release after pleading guilty to defrauding investors in the yacht sharing club. Durham said that according to court documents and statements made in court, Deme was the president and sole director of Waters Club Worldwide, which merged with Petrus Resources Corp…

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by Zak Failla