Amy Guthrie, Associated Press Updated 11:38 pm CDT, Sunday, May 26, 2019 A man holding his auction paddle looks at vehicles on display to be auctioned at the Los Pinos Cultural Center, once the presidential residence, in Mexico City, Sunday, May 26, 2019. The Institute to Return the Stolen to the People, the new name for a branch of the Finance Ministry charged with selling property seized from purported drug dealers and tax cheats, as well as government goods that are no longer in use, held the car auction on Sunday. less A man holding his auction paddle looks at vehicles on display to be auctioned at the Los Pinos Cultural Center, once the presidential residence, in Mexico City, Sunday, May 26, 2019. The Institute to Return the ... more Photo: Claudio Cruz, AP Photo: Claudio Cruz, AP Image … [Read more...] about Mexico auctions seized vehicles outside presidential mansion
Seized luxury cars for sale
The list looks like inventory from a luxury car dealership.But the Ferrari, Lamborghini, Mercedes-Benz and Rolls Royce aren’t contained in any for sale list, for now. They instead are all included on a federal government’s notice seeking the seizure of cars, cash and jewelry from a Massachusetts hedge fund manager now serving more than 14 years in federal prison for running a multi-million-dollar Ponzi scheme. In a notice filed this month, the U.S. Attorney’s Office filed a forfeiture notice for items owned by 70-year-old Raymond Montoya, who was sentenced to 175 months in prison in a Boston federal court last month.He has since appealed the sentence.Montoya, of Allston, pleaded guilty last year to three counts of wire fraud, five counts of mail fraud, and two counts of conducting an unlawful monetary transaction.Authorities said between 2009 and June 2017, Montoya ran a pooled investment hedge fund in Boston called RMA Strategic Opportunity Fund, LLC.“Montoya … [Read more...] about A Ferrari, Lamborghini, cash and jewelry: Government wants to seize items from Mass. hedge fund manager sentenced in Ponzi scheme
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Subscribe Log In Today’s Paper Business | In Paris, ‘Yellow Vest’ Protests Cut Sharply Into City’s Luxury Trade Supported by Several weekends of violent demonstrations across France have hit the capital’s sellers of high-end goods hard during the year’s most important shopping period ByElizabeth Paton Dec. 17, 2018 From Tourists and local residents alike, many of them wearing fur or cashmere and laden with bags, hurry into glittering temples of French heritage like Chanel and Dior, Longchamp and Ladurée to stock up on holiday gifts. This year, that has changed. Five straight weekends of demonstrations against President Emmanuel Macron and his economic policies by members of the so-called Yellow Vest movement have caused some of the worst civil unrest France has experienced in more than a decade. … [Read more...] about In Paris, ‘Yellow Vest’ Protests Cut Sharply Into City’s Luxury Trade
In February 2016, prosecutors in Houston filed a lawsuit against a truck: State of Texas vs. One 2003 Chevrolet Silverado. Houston police had seized the vehicle after surveilling its driver, Macario Hernandez, and pulling him over after he left his house. They took the truck to court, hoping to keep it or sell it at auction to fund their operations, claiming the vehicle was known to be involved in the drug trade. But the truck’s owner, Oralia Rodriguez, was never charged with a crime. She wasn’t at the scene when officers pulled over Hernandez, her son, and found 13.5 grams of marijuana in his pocket. In fact, Rodriguez said she had recently loaned him the car so he could drive his pregnant girlfriend to the doctor. The girlfriend was having difficulty with her pregnancy and was at risk of losing the baby, Rodriguez said. She was desperate not to lose her truck, which had recently had new tires installed among other repairs, which she was still working to pay off. “My … [Read more...] about Texas police made more than $50 million in 2017 from seizing people’s property. Not everyone was guilty of a crime.
The Pink Star diamond, the most valuable cut diamond ever offered at auction is displayed by a model at Sotheby's auction rooms in London, Monday, March 20, 2017. It is one of the most expensive stones ever sold. Discover other high-ticket items in this photo gallery. (AP Photo/Kirsty Wigglesworth) In this Wednesday, March 29, 2017, file photo, the "Pink Star" diamond, the most valuable cut diamond ever offered at auction, is displayed by a model at a Sotheby's auction room in Hong Kong. The stunning 59.6 carat diamond has sold for $71.2 million at a Sotheby's auction in Hong Kong, setting a record for any diamond or jewel. It's Also the highest price for any work ever sold at auction in Asia. (AP Photo/Vincent Yu, File) Sound The gallery will resume inseconds In this photo released on Tuesday, Aug. 26, 2014, Dalmore 50 Year Old single malt Scotch is prepared for the Zachys September 2014 Auction Catalog at Zachys Wine Auctions in White Plains, NY. The bottle sold for … [Read more...] about Photos: Luxurious items to spend your money if you win the $750 million Powerball jackpot