He must have bought low end stuff.
Your average beachfront "mansion" in Ft Lauderdale is easily more than twice 2.4 million. $400k might buy a new 36ft center console fishing boat, but not much of a "yacht". $300k will buy a used Ferrari, but not much of "stable of luxury cars"
The guy may very well be pure scum, but the article exaggerates a bit.
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Have any of the other Executive Orders been halted by a judge?