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Hawaii News

Yacht owner to pay $100K for damage to Kona coral

  • COURTESY PHOTO
                                Formosa Wealth Management Group owns the 197-foot vessel that damaged stony coral colonies when it dropped anchor off the Kona coast.

    COURTESY PHOTO

    Formosa Wealth Management Group owns the 197-foot vessel that damaged stony coral colonies when it dropped anchor off the Kona coast.

The owner of a luxury yacht that reportedly caused extensive damage to coral colonies when it dropped anchor off Kona in October 2018 has reached a $100,000 settlement with the state. Read more

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