Busted by the feds = Ferrari's and others up for auction!
Thread Starter
Lucky
Joined: Feb 2004
Posts: 1,081
Likes: 0
Busted by the feds = Ferrari's and others up for auction!
Link to News Article
Cliff Notes:
People got rich from defrauding others through credit cards and catalogs.
End result is the Fed's take all of their stuff and put it up for auction.
Auction site's link
I bet they sell way under book value.
~James
Cliff Notes:
People got rich from defrauding others through credit cards and catalogs.
End result is the Fed's take all of their stuff and put it up for auction.
Auction site's link
I bet they sell way under book value.
~James
i love girls
Joined: Feb 2004
Posts: 7,654
Likes: 0
they say they want 250-350 g's for the F40
__________________
Help me, Help you by giving me REP POINTS
Jst4shw store: HID's-LED's-LUGNUT's-STICKER's-JDM GOODIES's
Like us on facebook
Help me, Help you by giving me REP POINTS
Jst4shw store: HID's-LED's-LUGNUT's-STICKER's-JDM GOODIES's
Like us on facebook
Livin' Large
Joined: Nov 2003
Posts: 13,218
Likes: 0
While the court found in favor of the FTC in the civil case, Olmstead and Connell were not charged with any crimes, according to Steve Cole, a spokesman for the U.S. Attorney’s Office.
Where's Chuck?
__________________
Thread Starter
Lucky
Joined: Feb 2004
Posts: 1,081
Likes: 0
Originally Posted by BigBadBuick
So they were convicted of no crimes, hell, they weren't even charged with any crimes and the government took everything they owned??
Where's Chuck?
Where's Chuck?
~James
Livin' Large
Joined: Nov 2003
Posts: 13,218
Likes: 0
Originally Posted by RX007CYM
BBB, look in your quote takin from the paper. They lost the civil case, not the criminal case. The judgement must have been huge as the feds seized more then $1.5mil
~James
~James
In this case the government has sued, won, and taken personal property from individuals based on their guilt without even charging them with a crime, let alone convicting them.
__________________
I use a Mad scientist
Joined: Jan 2006
Posts: 835
Likes: 0
Originally Posted by BigBadBuick
If the government isn't going to bring criminal charges, they need to stay the hell out of it, period. If an individual that was "ripped off" wants to file a lawsuit, that is their business. If the people that were "ripped off" want to get together and file a class action lawsuit, that is their business. God knows that there are plenty of attorneys to take the case.
In this case the government has sued, won, and taken personal property from individuals based on their guilt without even charging them with a crime, let alone convicting them.
In this case the government has sued, won, and taken personal property from individuals based on their guilt without even charging them with a crime, let alone convicting them.
__________________
symmetry creates balance
balance creates control
symmetry creates balance
balance creates control
Sexist
Joined: Mar 2002
Posts: 21,091
Likes: 0
So is it safe to assume the government is selling the poperty to compensate the victims? Or is it to put it in their own greedy little pockets?
__________________
Chuck
www.BabelMotorsports.net
www.SAFEMotorsports.com
Chuck
www.BabelMotorsports.net
www.SAFEMotorsports.com
