Sausalito Brokers Arrested for Embezzlement

Longtime Sausalito yacht brokers Teresa and Robert ‘Clay’ Prescott of Anchorage Brokers and Consultants, better known as ABC Yachts, were arrested yesterday on multiple charges of embezzlement from victims in the U.S., Canada and Mexico. Bail was set at $500,000 each.

According to a Sausalito Police press release, the embezzlement amount is currently more than a quarter million dollars, and will likely rise as other victims come forward. Police encourage others who may have been victimized, or have information pertinent to the case, to call detectives at (415) 289-4118.