That’s what Michael Berzowski, a Milwaukee lawyer, asked FBI agents after they called inquiring about a suspicious boat loan request. Needless to say Berzowski was a little surprised to hear the news that his financial records had been used to apply for yacht loan as part of a $2.6 million fraud scheme.
Archive for August, 2008
According to the latest figures from Info-Link’s Bellweather Report new powerboat sales in June dropped nearly 20 percent from the June of 2007. This continues the dramatic drop in new powerboat sales from the market’s peak in March of 2004.
What is bad news for dealers spells opportunity for boat buyers. As dealer inventories continue to expand the opportunity for boat buyers to negotiate great deals increases. The secondary market for used boats is also a great buyers market at the moment since such great deals can be found on new boats the prices for used boats are dropping in order compete.
Just a quick follow up to our previous post on the Clean Boating Act of 2008, Congress did pass the bill so the states are not forced to enact their own legislation. Thanks for all those who wrote their rep about this important issue. For more info check out http://www.boating-industry.com/output.cfm?id=1700659.