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Belfort was the final owner of the luxury yacht Nadine which was originally built for Coco Chanel in 1961. It was renamed after Caridi. In June 1996, the yacht sank off the east coast of Sardinia and frogmen from Italian Navy special forces unit COMSUBIN rescued all who were aboard the vessel. Belfort said that he insisted on sailing out in high winds against the advice of his captain, resulting in the sinking of the vessel when waves smashed the foredeck hatch.
