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Tate Brothers Claim Leased Cars, Paid to Promote Yacht

8/26/2026

26 4 Full Breakdown

Summary

Story summary

Andrew Tate and Tristan Tate told a U.S. court they rented cars and a superyacht to appear “uber-wealthy.”
Their lawyers said the $2.1 million Aston Martin and $5 million and $7 million Bugattis shown online were leased, not owned.
Lawyers also said the $50 million “Obsidian Blade” superyacht was not theirs and they were paid to promote it.
Prosecutors argue the brothers’ social-media wealth boasts make them a flight risk if released on bail.

History

Historical Context

In 1989 Jordan Belfort founded Stratton Oakmont, a boiler-room that grew to over 1,000 brokers and ran pump-and-dump schemes exceeding $1 billion. After NASD expelled the firm in December 1996, the SEC and FBI closed it in 1999, seizing cars and freezing $50 million. The Tate brothers’ recent display of leased supercars and a $50 million yacht mirrors this history of flashy wealth sparking investigations.

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Story summary

Andrew Tate and Tristan Tate told a U.S. court they rented cars and a superyacht to appear “uber-wealthy.”
Their lawyers said the $2.1 million Aston Martin and $5 million and $7 million Bugattis shown online were leased, not owned.
Lawyers also said the $50 million “Obsidian Blade” superyacht was not theirs and they were paid to promote it.
Prosecutors argue the brothers’ social-media wealth boasts make them a flight risk if released on bail.

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