A luxury yacht belonging to Derek Wachob, the owner of Paragon Industries in Sapulpa, has been seized by law enforcement in Florida following a federal court order tied to a multimillion-dollar legal dispute.

Cellphone video shows officers boarding the yacht — named The Abigail — and instructing anyone on board to disembark. The seizure is part of a federal judgment enforcement effort after Wachob allegedly failed to repay more than $30 million to former investors.

Federal Lawsuit and Asset Seizure

According to court documents, Wachob agreed earlier this year to repay $26 million by June 27, 2025, as part of a settlement in a federal lawsuit brought by former friends and investors, Skip and Chad Braver. The case stems from allegations that Wachob solicited millions of dollars for a st

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