The florida yacht brokers association is there to protect the public from fraudulant yacht broker practices and in this case not only did they not protect they still have ignored. Below is a part of their bylaws
Article xv
code of ethics
Section 1. It is the duty of the member to protect the public against fraud, misrepresentation, or unethical practices in the yacht brokerage profession. Member should endeavor to eliminate any practices which could be damaging to the public or to the dignity and integrity of the yacht brokerage profession.
United Yacht Sales of Stuart florida run by Peter Schmidt not only commited fraud but also falsified statements online where he went as far as to quote something from the other victims attorney that was never said. Peter Schmidt is a liar and fraud and the F.Y.B. A has went out of its way not to return my phone calls and even ignored e mails the president promised he would immediately get back to me after his return from his vacation. Many members of the F.Y.B. A were e mailed the situation including how the brokerage had a current listing with my family to sell our yacht then after we told them it was stolen went behind our backs and took part in the illegal sale knowing by the paperwork we sent them we owned the yacht fully. Then after lawrence pirritino took part in the illegal sale he put the commision money in his private bank account and spent the money knowing it was a stolen yacht. Several weeks later after the auction the buyer got a refund from the sellers because the coast guard documentation center clearly said it was illegal to sell the yacht without a court order in which they didnt have. Then after getting his money the buyer went to lawrence pirritino the broker from united yacht sales who represented him and was told by lawrence pirritino he spent the money. That is totally illegal on a yacht 45 feet long. Its also illegal for a broker to tell his sales broker its ok to do side deals on your own. The corrupt attorney who was involved in the illegal sale put in his contract to the buyer several times lawrence pirritino was the broker representing the buyer. During my calls to the broker several days before the illegal auction i asked him if he heard anything about the auction he kept saying no. Oh yes and three days before the auction the buyer went to the brokers office after seeing his listing of my yacht for sale to see it. The broker showed him the yacht three days before the sale as my broker even giving the potential buyer a sales purchase agreement to take with him to fill out and get back to him so he could get the offer to me the owner. Now three days later he claims someone told him they owned the yacht and he took their word for it with no paperwork or court orders just their word. When i listed the yacht with him i had to send proof of everything now he takes someones word? Does the s*t smell here? To read more about this fraud broker and brokerage go to
The f.Y.B.A. Obviously doesnt give a damn for their bylays nor the public being protected from fraud. I would bet they care about getting peter schmidts and his brokers money for dues...
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