I never thought I’d be the one to write this.
But after watching a friend get robbed blind…
After watching $133,500 disappear into a black hole of lies and broken promises…
I’m done staying quiet.
You need to know what’s really happening inside FMT Yacht Transport.
Because if you’re thinking of trusting them with your money… your yacht… you deserve to know what’s waiting beneath Dmitry Farber’s polished presentations.
It started like this…
The boat owner reached out to me in a panic.
He’d signed a contract for yacht transport from St. Thomas to Genoa for $267,000.
Everything seemed professional at first.
Dmitry Farber came across smooth as silk with his fancy letterhead, his multiple office locations, his proud membership in all the right yacht associations.
The contract looked solid and FMT’s website was impressive enough – “The Ultimate In Service and Convenience” plastered everywhere.
So the boat owner wired the 50% deposit as requested.
$133,500.
Three weeks later: silence.
Captain Grant tried calling Dmitry four times on April 17th.
No answer.
More calls. More silence.
Twelve unanswered calls total over multiple weeks.
Think about that.
$133,500 of someone else’s money and Dmitry can’t be bothered to return a phone call.
What kind of “ultimate in service and convenience” is that?
When they finally heard back on April 28th, the ever-growing suspicion only thickened…
FMT was “looking for another option”, since the original vessel was suddenly unavailable.
But notice the timeline here.
The contract was signed in February.
Deposit paid March 7th.
Scheduled sailing: April 21st.
On April 17th – just four days before the promised sailing – suddenly no one’s answering phones.
That’s not “operational challenges.”
That’s calculated avoidance.
Translation: They couldn’t deliver what they’d promised. And perhaps this was intentionally planned the whole time.
The boat owner’s lawyer sent a demand letter and suddenly Dmitry materialized from the void of silence.
On April 23rd, he agreed in writing to execute a “FULL REFUND.”
Finally, you’d think.
But here’s where it gets ugly…
May 2nd arrives and only $70,000 shows up.
Not the full $133,500.
Not even close.
$63,500 just… vanished.
When pressed, Dmitry claimed he was “entitled” to keep the difference.
For what exactly?
For failing to provide the service he was paid to deliver?
Let me tell you something about Dmitry Farber that he’ll never put on his LinkedIn profile…
This isn’t his first rodeo with other people’s money.
A quick Google search will reveal Dimity once operated another company called Seven Seas Yacht Transport, which is now listed as Permanently Closed.
And the reviews of that company are very telling as to why…
Its very clear now… when one company gets blasted with too many bad reviews…time to close up shop…only to re-open with a different letterhead.
You know those glowing social posts from FMT about “900 boats shipped in 2023” and “precision logistics”?
What they don’t tell you is how many deposits disappeared along the way.
What they don’t mention is the pattern emerging across the industry.
And here’s a small detail that will make you pause…
Notice how Dmitry operates with multiple email addresses?
dmitry@fmtyachttransport.com for the professional inquiries.
dmitry@fmtyatchtransport.com for the cancellation notices.
Is it sloppy operations or intentional confusion?
The more we dissect Dimitry’s actions and patterns, it only builds more suspicion.
Furthermore, just talk to the yacht captains who’ve dealt with FMT.
Ask them about contracts that get “modified” after deposits are paid.
Ask them about the mysterious fees that appear out of nowhere.
Ask them about the sudden “operational challenges” that conveniently arise right after the money hits Dmitry’s account.
You want to know one of his favorite tricks?
The bait and switch on vessel availability.
Here’s how it works: Dmitry promises your yacht will be loaded on a specific vessel with a confirmed sailing schedule.
You wire the deposit based on those promises.
Then, mysteriously, last minute, that vessel becomes “unavailable.”
Suddenly, “they’re looking for alternatives.”
But your money? That stays put.
Even when they can’t deliver what they promised, Dmitry still keeps his cut.
And here’s what will really infuriate you…
When the boat owner’s lawyer demanded the full refund, Dmitry didn’t even deny he was keeping money he hadn’t earned.
He just claimed it was somehow justified under “the contract.”
Let that sink in.
Your deposit. Your trust.
Stolen.
And this so called “professional”, president of the company acts like it’s business as usual.
You think this boat owner was the first to get burned?
Check FMT Yacht Transport rating on Better Business Bureau.
Not only are they not accredited, but they already have a D+ rating.
Let that sink in for a moment.
A company handling hundreds of thousands of dollars in yacht transport deposits can’t even meet basic BBB standards for trust.
Want further validation? Ask around the yacht transport community…quietly.
You’ll hear whispers about other FMT “situations” that got swept under the rug.
Check the yacht forums.
The complaints are there if you know where to look.
“Unreturned calls after deposit sent.”
“Vessel never showed up as promised.”
“Contract terms changed after payment.”
“Took months to get partial refund.”
One forum post from a frustrated yacht captain: “Promised April sailing, got pushed to June, then July, then told us to find another shipper. Kept $15K as ‘administrative costs.'”
Another: “Three different vessel names, three different sailing dates, same result – our deposit disappeared into FMT’s black hole.”
But here’s the thing about online complaints…
Nothing ends up happening.
Dmitry’s team is apparently very good at covering their tracks.
But the ugly patters are the same across the board….
Deposits that took months to get back… if at all.
Contracts that somehow got “lost” when refunds were demanded.
Vessels that never materialized, but the deposits sure did in Dimitris accounts.
And the rot goes deeper than you think…
Talk to the delivery captains who’ve worked with FMT.
The stories they tell over drinks at yacht shows paint a disturbing picture.
“Dmitry promises vessels that don’t even exist,” one captain whispered to me at the Fort Lauderdale show.
“He takes deposits for April sailings knowing damn well his next available vessel isn’t until August.”
Another said: “We’ve seen this movie before. New company name, same old game.”
Here’s what really happens behind those professional email signatures and yacht show booths:
FMT operates like a floating casino where the house always wins.
They collect deposits up front, knowing full well they can’t deliver half the time.
When things go south – which they do regularly – they keep a piece of your money as their “consolation prize.”
It’s not transport logistics.
It’s legalized theft.
And a very manipulative strategy.
You know what’s even more infuriating?
Dmitry’s got this whole act down to a science.
The professional emails with proper grammar.
The official letterhead with multiple international office locations.
The memberships in legitimate yacht industry associations.
It all looks so credible.
Until you realize it’s just window dressing on a scam operation.
And when you try to get your money back?
Good luck.
Dmitry will hide behind “contract language” and claim he provided “services” even when he delivered absolutely nothing.
He’ll point to his fancy website and industry connections as proof he’s legitimate.
Meanwhile, your money sits in his account earning interest for him while you’re stuck fighting for what’s rightfully yours.
The boat owner in this case? He’s now paying lawyers to chase down the $63,500 that Dmitry “decided” to keep.
Think about that.
After FMT failed to deliver any service whatsoever, this boat owner now has to spend even more money just to get his own deposit back.
That’s straight up robbery with a business license.
But perhaps the most disgusting part of this whole scheme?
Dmitry operates with complete impunity because he knows how the game works.
He knows most boat owners won’t go public with their stories.
He knows most people will just write off the loss rather than spend twice as much on lawyers.
He knows the yacht transport industry is small and word travels fast, so victims stay quiet to “protect relationships.”
Dmitry banks on your silence.
Literally.
And until now, it’s worked perfectly for him.
The system is rigged in favor of companies like FMT because once you wire that deposit, you lose all leverage.
Game over.
They hold your money hostage and dare you to do something about it.
Most people just walk away and count it as an expensive lesson learned.
But this boat owner refused to be another quiet victim.
He lawyered up and he’s fighting back.
And on June 2nd, 2025, FMT got served.
The lawsuit is filed and Dmitry’s house of cards is about to come crashing down.
But here’s the thing…
Even with law on the side of the boat owner, it could take months, maybe even years.
Meanwhile, FMT continues its suspicious operations.
This boat owner shouldn’t have had to go through any of this.
None of us should.
The yacht transport industry is built on trust.
We hand over massive deposits to people we’ve never met, trusting they’ll do what they promise.
When operators like Dmitry abuse that trust, they poison the entire system.
So if you’re reading this and thinking about wiring a deposit to FMT Yacht Transport…
Stop.
Ask the hard questions.
Demand real answers.
Get everything in writing.
Bring your lawyer from day one.
Because once you wire that money, you’re at Dmitry’s mercy.
And as this boat owner learned the hard way, Dmitry doesn’t have any.
If you’ve already been burned by FMT, you’re not alone.
And you don’t have to stay silent.
The more we expose operations like this, the harder it becomes for them to find their next victim.
The yacht transport industry deserves better than predators like Dmitry Farber.
Our community deserves better.
You deserve better.
Don’t let this story disappear into the darkness where Dmitry hopes it stays.
Share it.
Talk about it.
Warn others.
Because the only thing worse than losing your own money to a scam is watching someone else fall for the same trick.
And if this letter mysteriously gets removed from forums or groups where you found it…
Well… draw your own conclusions about who’s watching.
Signed,
An Industry Insider Who Won’t Stay Silent Anymore