Goldstein Investigation: City Sells Off Yacht For Fraction Of What It Cost Taxpayers

Tis is a story of how the city turned a $4.1 million yacht into a $100,000 boat. David Goldstein investigates.

Пікірлер: 157

  • @Avalanche2
    @Avalanche26 жыл бұрын

    I bet the person that was the successful bidder was politically connected as well.

  • @tonycariello8478

    @tonycariello8478

    6 жыл бұрын

    most DEF

  • @grandpaoldfart9165

    @grandpaoldfart9165

    5 жыл бұрын

    ryan mcguinness They sure keep trying though don’t they?! I don’t understand it either Ryan..... I know one thing though. We need term limits for Representatives and Senators. I don’t have the magic number, but perhaps two or three terms and then you’re out??!!! Have a great day! Grandpa

  • @dterik

    @dterik

    5 жыл бұрын

    It was Goldstein lol

  • @NAT-turners-Revenge

    @NAT-turners-Revenge

    4 жыл бұрын

    u know it... retired police captain

  • @tahoeclay

    @tahoeclay

    2 жыл бұрын

    Guaranteed

  • @michaelsanpedro2674
    @michaelsanpedro26742 жыл бұрын

    A sealed bid means that someone in the city is getting it. I helped build a $500,000 home in Yukon Oklahoma for a officer who made $60,000 a year, and he said he paid for it by working the police auctions. This officer who never showed up in the same vehicle twice, or on the same motorcycle, and often was pulling a very large boat with a very large truck bragged to the whole crew that he only pays penny's on the dollar at the police auctions. He told us that the officers get together before the auction and decide how much they're going to pay and what they're going to get so they don't step on each others toes. It made me sick! God bless America 🇺🇸

  • @ItsMe-yv9jd

    @ItsMe-yv9jd

    Жыл бұрын

    ...it happens here in Canada too, as cops make a fortune with sealed bid real estate auctions.

  • @marqueemark5917
    @marqueemark59176 жыл бұрын

    nice boat for 100.000 Some city leader must have bought it

  • @bonquishaward128
    @bonquishaward1286 жыл бұрын

    Replace on corrupt official with another corrupt official

  • @Oheeeoh
    @Oheeeoh5 жыл бұрын

    Everybody knows if it floats, flies, or fcks, you're supposed to rent it!

  • @nodak0164
    @nodak01647 жыл бұрын

    So...how do the rest of us stupid taxpayers sign up for a "free" guided tour? I say "free" because, haven't we already paid for our tickets? Or, have we already been taken for our ride?

  • @NicholasLittlejohn

    @NicholasLittlejohn

    6 жыл бұрын

    Port Instagram it seems

  • @FreshlySnipes

    @FreshlySnipes

    2 жыл бұрын

    We are still on that ride..

  • @angelahonolulu8602
    @angelahonolulu86026 жыл бұрын

    Mr. Goldstein, great job! keep it going.

  • @jeffbaca1173
    @jeffbaca11732 жыл бұрын

    Of course no one loses a job, demotion or even reassignment, how many of us working taxpayers can waste 20K of the company’s money and still be employed the next day?

  • @MrWhite-pn7ui
    @MrWhite-pn7ui6 жыл бұрын

    LOL $1,250 to ferry a bunch of kraut universty students around the harbor, not even LA Residents!

  • @DebbieZoppina
    @DebbieZoppina6 жыл бұрын

    The mayor called it a boat not a yacht. Lmao. Crooked as they come!

  • @noworriesmate8287
    @noworriesmate82876 жыл бұрын

    Governmental criminals

  • @ScottishNSRailFan
    @ScottishNSRailFan6 жыл бұрын

    People in control, want to spend someone else’s money.

  • @bigcountry5977

    @bigcountry5977

    2 жыл бұрын

    The problem with Socialism is eventually You run out of other Peoples money to spend. Margaret Thatcher

  • @TsarOfRuss
    @TsarOfRuss6 жыл бұрын

    So let me get this straight... A brand new engine that is cost $700k was installed in the yatch and was never used, yet they still sold it off with the yatch for $100k ????? "THIS IS THE WORST DEAL IN THE HISTORY OF DEALS"- Trump

  • @stuwest3653

    @stuwest3653

    6 жыл бұрын

    I doubt the engine was mentioned in the ad on purpose but someone knew it was in there.

  • @SKSnightfox

    @SKSnightfox

    5 жыл бұрын

    Great deal for buyer lol

  • @bernieudo4399

    @bernieudo4399

    4 жыл бұрын

    @@SKSnightfox Where can you quintuple your initial investment in just a minute? $100,000 for $500,000? "I Love L.A.!"

  • @ItsMe-yv9jd

    @ItsMe-yv9jd

    Жыл бұрын

    ...that ridiculous 'Port Director' refused to take responsibility for his departments complete lack of judgement in the past and actually said it's time to move forward, instead of deciding to fire those incompetent and corrupt city officials for fraud, when they bought a yacht with tax dollars and then he secretly sold it, (at less than the current scrap/parts value.)

  • @ag-bk5wf
    @ag-bk5wf6 жыл бұрын

    Thats not a yacht.

  • @trinkladd
    @trinkladd6 жыл бұрын

    Of course. The winning bidder was a politician or friend of. Simple. They. Do this all the time. Sheriff bought new trucks, yr later they were auctioned off. His business partner bought them for their bonding business.

  • @thegamesource
    @thegamesource6 жыл бұрын

    My city spent 10s of millions of city tax dollars building a new theater. Then when it failed they gave it to the local college for free. The mayor also sent a cheque for over $1 million to the local college for a new health plex and the college in return for the theater and health plex gave the mayor a diploma which he never earned and the mayor got to make a speech at the college graduation telling everyone he was able to become successful without education and get a diploma and graduate (which was given to him by the college without actually doing the college courses)

  • @o221e3

    @o221e3

    2 жыл бұрын

    Yea right, this is like a telenovela lol seriously ?

  • @BakoSooner
    @BakoSooner6 жыл бұрын

    Theses investigative reports on the city are great. The city needs to know that somebody is watching over them and will be held accountable. Thiey are stewards of our tax dollars. Keep it up and make the city officials feel uncomfortable. Thank you.

  • @petermokmane5001
    @petermokmane50016 жыл бұрын

    Gotta love the liberals...

  • @gabe-po9yi
    @gabe-po9yi5 жыл бұрын

    It would be interesting to know what the City's policy is in regards to when property is allowed a sealed bid process. The report said the yacht was purchased by a company that says it will produce hybrid yachts. It would be interesting to know if they're linked to the $700,000 hybrid engine that was installed.

  • @ItsMe-yv9jd

    @ItsMe-yv9jd

    Жыл бұрын

    ...that ridiculous 'Port Director' refused to take responsibility for his departments complete lack of judgement in the past and actually said it's time to move forward, instead of deciding to fire those incompetent and corrupt city officials for fraud, when they bought a yacht with tax dollars and then he secretly sold it, (at less than the current scrap/parts value.)

  • @kills456
    @kills4566 жыл бұрын

    That boat isnt nice at all

  • @timothypoole5718
    @timothypoole57187 жыл бұрын

    The Navy has a whole fleet of yachts just like the Angelina for use by Admirals. They call them "barges" for budgetary purposes... You should do a story on them.

  • @SumD-EGuy

    @SumD-EGuy

    6 жыл бұрын

    Timothy Poole I’ve tried to find what you’re talking about. Could you guide me in the right direction, please?

  • @TheAndyharris

    @TheAndyharris

    6 жыл бұрын

    _-Delaware Scrap-_ he can't lol

  • @jaxturner7288

    @jaxturner7288

    6 жыл бұрын

    Timothy Poole what Admiral exactly is currently in command of a barge vessel?

  • @bokesnmokes

    @bokesnmokes

    2 жыл бұрын

    You are a liar.

  • @okiesailor5417

    @okiesailor5417

    Жыл бұрын

    You are so full of shit, I worked for an Admiral in Philadelphia on and off for a 3 year period. He did not have his own personal 'barge' as you call it , if he did a lot of the dignitary parties he had would have been on that 'barge' instead of every single party being at his on base Quarters.

  • @dougfisher9525
    @dougfisher95255 жыл бұрын

    What annoys me the most is when the city gives me some trivial traffic or property fine. Like they dont do 100 times worse.

  • @DIYDanCars
    @DIYDanCars5 жыл бұрын

    And people wonder why taxes are so high. This goes on a lot more than people think.

  • @RashaKahn
    @RashaKahn Жыл бұрын

    Kinda confused here, so you don’t want the city to have a yacht for the tours because of cost and you also don’t want them to rent boats?

  • @robertcanceljr4400
    @robertcanceljr44002 жыл бұрын

    Thank you Holstein got public display of our money being wasted on

  • @notj5712
    @notj57126 жыл бұрын

    4.1 million dollar boat then... That's even worse, for 4.1 mil, you SHOULD at least have a yacht.

  • @IsleOfFeldspar
    @IsleOfFeldspar2 жыл бұрын

    No tours should be funded by taxpayers. No matter the reason.

  • @MrChopemup
    @MrChopemup3 жыл бұрын

    The best boat to be on is owned by someone else.

  • @american236
    @american2365 жыл бұрын

    4 million for that ugly yacht is way too much. Someone doesn’t know how to bargain.

  • @Tiger-From-Clemson
    @Tiger-From-Clemson2 жыл бұрын

    4.1 million for that lemon!??😹

  • @victoriagriffiths4205
    @victoriagriffiths42052 жыл бұрын

    No matter how you look at it it never was worth 4 million the people who worked on it pocket millions. We not all fools

  • @MrPrush-ji4gs
    @MrPrush-ji4gs4 жыл бұрын

    Fed government takes in 4.9 trillion last year ... but if it were private enterprises handling the same amount of money, only about 3 trillion - 2 trillion would be needed

  • @YaUwAk247
    @YaUwAk2474 жыл бұрын

    Lost 4000000 and is renting. 7 to 8 years and the upgrade would be paid and you would own the busted down 70s Gilligan's island yacht. So much for saving the city money.

  • @keytothegate68
    @keytothegate6811 ай бұрын

    The boat is worth 100-200K The issue that the city spent 4 million on it is a separate problem

  • @maxbrazil3712
    @maxbrazil37125 жыл бұрын

    This is what happens when you combine corrupt politicians with sacks of bribe cash.

  • @stevebano5874
    @stevebano58746 жыл бұрын

    WHAT HIGH UP COTY OFFICIAL PURCHASED IT FOR $100'000 AT THE AUCTION...?

  • @chrisradla
    @chrisradla4 жыл бұрын

    Shocking

  • @o221e3
    @o221e32 жыл бұрын

    He probably wasn't part of the scheme, and just inherited the problem, but most likely got compensated for dealing with it !

  • @nicholaslarsen6739
    @nicholaslarsen67394 жыл бұрын

    There are so many homeless people in LA! $4M homeless facility would have been a better investment! Shame

  • @prn24
    @prn244 жыл бұрын

    My town sold a remodeled spring training baseball stadium for 1 dollar and some land. Fine businessmen that bunch.

  • @ndn2589
    @ndn25894 жыл бұрын

    You know someone got kickbacks from this

  • @wolf-mx3jm
    @wolf-mx3jm4 жыл бұрын

    That's what a auction is you bid for it

  • @DeHirvilammi
    @DeHirvilammi6 жыл бұрын

    WOW CAN I BECOME THE MAYOR

  • @WallyTony
    @WallyTony Жыл бұрын

    LOL a yacht. The world really is the Have Nots and the Have Yachts

  • @woodswal
    @woodswal Жыл бұрын

    That 4 million didn't go to that boat.

  • @banditkings1953
    @banditkings19536 жыл бұрын

    The problem is it's not their money, it's the taxpayer. ATM. need more money go to the public ATM. Nothing but money Hogs!

  • @adrftgvvbh
    @adrftgvvbh2 жыл бұрын

    City property, is public property. I would go walk around and relax on that "boat"

  • @afaketwo
    @afaketwo6 жыл бұрын

    Here is an idea.... Why didnt they buy a "boat" from the auction block.... Would have only cost 100k ??

  • @RETROSHADOW2999
    @RETROSHADOW29992 жыл бұрын

    Courtesy of YOU, The Californian Tax Payer

  • @mr.t8624
    @mr.t86246 жыл бұрын

    Anybody wonder why California is in the shitter.......? Here’s one of many reasons.

  • @emtb9111
    @emtb91114 жыл бұрын

    These people can pay for the boat ride!

  • @Fiberglasser03
    @Fiberglasser035 жыл бұрын

    For 100k that is a steal for a brand new hybrid set-up. Boat is a piece a shit, bet it was thrown in the landfill.

  • @clementecruz285
    @clementecruz2852 жыл бұрын

    The person that bought it gave the city the idea to renovate the boat and gave them some money under the table then sold it to their buddy……

  • @neversocialist6871
    @neversocialist68715 жыл бұрын

    Good work Goldstein.

  • @mikeneumann4660
    @mikeneumann46602 жыл бұрын

    The fact that they wanted to make this old 1970s yacht in the green yacht is Another great idea by your government officials who don’t give a shit about our money

  • @robertmurillo9662
    @robertmurillo9662 Жыл бұрын

    Open your eyes. The city does this all the time.

  • @2KMMC2
    @2KMMC2 Жыл бұрын

    They bought that bout with out money and sold it to themselves for dimes

  • @wannabetowasabe
    @wannabetowasabe6 жыл бұрын

    It would seem to me that the Ports of Los Angeles and Long Beach need to be in the marketing business. If they did not promote the ports in a highly competitive market then city officials might be criticized by the media for being too conservative and losing business to other ports with aggressive marketing. The purchase of the Angelina II is questionable, but contracting out tour boats seems reasonable to me. Like the current director indicated, it would take 32 years of chartering boats to equal what was spent on the port owned boat. Perhaps a cheaper boat might have been less costly than contracting out the tours. As for the kind of groups given tours, I don't know the specifics of the Port's marketing and public relations plan to comment. Given the rank of the two ports as far as shipping in the world, public relations and marketing are needed. Give the billions of dollars in freight that passes through them on a monthly basis the budget for those efforts would seem justified. So often the government is criticized for doing something and would be criticized equally for doing nothing. I've worked for the government I have experienced this very thing.

  • @Joemama13479
    @Joemama134796 жыл бұрын

    Salome asked the question if it's taxpayers money don't you think we should be able to use that yacht and charter it and go on fishing trips and set sail to Catiline island I see that boat everywhere in the Harbor because I work on the Harbor🤔🤔🤔🤔

  • @alexsbikesandmotors
    @alexsbikesandmotors5 жыл бұрын

    4.1 million to turn it into a hybrid boat whatever that is? You could get the best most modern regular diesel engines for maybe $20k each max. You would have to travel a long way to make up the additional $4 million in fuel costs. Like the other comments say, it's probably money laundering.

  • @g4fun458
    @g4fun4586 жыл бұрын

    this is why democratic country will fall lol this what happened on my country. corrupt official everywhere 😅😅😅😅

  • @davidwaid7114
    @davidwaid71143 жыл бұрын

    Someone got some nice kick backs

  • @mysticvalley2003
    @mysticvalley20034 жыл бұрын

    Why the hell are you taking anyone on a cruise? Stay focused that's why they have conference rooms on land....using taxpayer money to buy a boat.../.how the hell did that improve the community?

  • @rogersmicharl
    @rogersmicharl6 жыл бұрын

    someone shouls sank those boats, and if they buy mor sink them too.

  • @afaketwo
    @afaketwo6 жыл бұрын

    They should go ask tax payung residents if they even knew about the boat... Or their free rides they were supposed to get.. Nope they are all too busy trying to work for everything they have

  • @Ops535
    @Ops5356 жыл бұрын

    David. U should investigate Sf bayarea Stanley TVshow man

  • @martylynchian8628
    @martylynchian86286 жыл бұрын

    Why not put it on yacht trader or ebay

  • @dancujo5591
    @dancujo55915 жыл бұрын

    We need to move forward. So sick of that saying. What it really means, my turn to rip off the tax payers.

  • @l.e.o.1127
    @l.e.o.11276 жыл бұрын

    Buy a 800 Jon boat for them to use

  • @phizzelout
    @phizzelout6 жыл бұрын

    now Viragosa wants to be governor.

  • @501959bigtony
    @501959bigtony4 жыл бұрын

    Villa Reygosa; "It's not an affair, its a sexual act".

  • @rolandmoreno3526
    @rolandmoreno35266 жыл бұрын

    Not justify crooks

  • @alwaysyouramanda
    @alwaysyouramanda2 жыл бұрын

    They should be so happy Americans can’t do math.

  • @alwaysyouramanda

    @alwaysyouramanda

    2 жыл бұрын

    Civil war would have started decades ago.

  • @daytimestudios3678
    @daytimestudios36786 жыл бұрын

    Corruption Political, superstars, pro athletes.

  • @truth6600
    @truth6600 Жыл бұрын

    Wake up people say something do something.

  • @fontaineking5158
    @fontaineking51586 жыл бұрын

    Probably the x mayor's brother bid on it or some horseshit like that. That's quite a big herd of sheeple that have in LA. Lol. Bunch of suckers!!

  • @californiaccw
    @californiaccw10 ай бұрын

    Inside job -inside auction

  • @SociallyBrandedMedia
    @SociallyBrandedMedia4 жыл бұрын

    Who bought it?

  • @Joemama13479
    @Joemama134796 жыл бұрын

    This guy said it simple map where's the 4 million dollars at🤔🤔🤔🤔

  • @felixniederhauser7799
    @felixniederhauser77996 жыл бұрын

    USD 100k looks realistic, the 4.1 millions gave someone a nice kick back!

  • @spuriouseffect

    @spuriouseffect

    6 жыл бұрын

    Felix Neiderhauser .... A Jeep Wrangler can cost between 50 and 65 grand. Inflation has outpaced you sir.

  • @paulalexander8305
    @paulalexander83052 жыл бұрын

    It seems to me that he went to the same school of economics that Biden went to

  • @search5819
    @search58196 жыл бұрын

    Don't Complain.. Learn The Game!!!!!!!

  • @edgarmccarthy4287
    @edgarmccarthy42876 жыл бұрын

    Drain LA Swamp. vote for Edgar McCarthy.

  • @NAT-turners-Revenge
    @NAT-turners-Revenge4 жыл бұрын

    but what about ourrrrrrr homelessssss 😂

  • @guitarforlife238
    @guitarforlife2382 жыл бұрын

    this is so funny because it’s not “my money” i’m not dumb enough to live in california but if you ever aren’t sure how you feel on expanding goverment in anyway without seriously considering all aspects of that decision just watch any of this guys video california is so fucked

  • @gavinmcinally3073
    @gavinmcinally30736 жыл бұрын

    Only in the land of the free

  • @rab6453
    @rab64535 жыл бұрын

    boats are money pits

  • @gino007able
    @gino007able4 жыл бұрын

    this is socialism, but we can't say that word.

  • @manleynelson7412
    @manleynelson74126 жыл бұрын

    seroka is right

  • @oobiegoobie940
    @oobiegoobie9404 жыл бұрын

    Keep voting for them Democrats.

  • @Saracinderallasushis
    @Saracinderallasushis6 жыл бұрын

    It must have been one of those new liberal auctions, where they take the lowest bid!

  • @Seattlemike009
    @Seattlemike0096 жыл бұрын

    Asholinos

  • @rolandmoreno3526
    @rolandmoreno35266 жыл бұрын

    Move forward please

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