Old Jun 21, 2006 | 07:03 AM
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RX007CYM
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Default 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
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