Romney Party Yacht Flies Cayman Islands Flag

By:  MATTHEW MOSK, BRIAN ROSS, MEGAN CHUCHMACH and RHONDA SCHWARTZ

Gov. Mitt Romney's campaign toasted its top donors Wednesday aboard a 150-foot yacht flying the flag of the Cayman Islands.

The floating party, hosted by a Florida developer on his yacht "Cracker Bay," was one of a dozen exclusive events meant to nurture those who have raised more than $1 million for Romney's bid.

"I think it's ironic they do this aboard a yacht that doesn't even pay its taxes," said a woman who lives aboard a much smaller boat moored at the St. Petersburg Municipal Marina.

Romney's Cayman-based investments have come under fire during the campaign.

The event, attended by no more than 50 people, along with Romney relatives, including older brother Scott, appeared on no public calendars. ABC News obtained a schedule of the Romney campaign's "Victory Council" and waited dockside to speak with members.

"It was a really nice event. These are good supporters," said billionaire Wilbur Ross, an energy industry executive.

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