Yieldstreet secured a $5 million settlement for marine loan losses, but investors unlikely to see repayment. $89 million invested in loans backed by 13 ships led to legal battles and losses. Media coverage in 2020 led to collapse of partnership with BlackRock. CEO change and new business model announced.

Investor Arman lost over 90% of $180,000 investment in marine loans, receiving only $16,000 from class action settlement. Investment meant for safekeeping after mother’s death turned into a six-year ordeal. Yieldstreet criticized for prioritizing covering expenses over investor losses in failed marine loan deal.

Read more at CNBC: Yieldstreet tell investors in $89 million worth of marine loans to expect losses