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A federal judge denied a motion from Battle Born Investments, a Nevada-based venture capital firm, to prevent the government from selling $6.5 billion worth of Bitcoin, according to a court filing ...
More than 3,000 fake Gibson guitars that could have been sold for a combined $18.7 million were seized by federal authorities after the typically made-in-America instruments arrived from Asia ...
Tax sale: seized assets; Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants; Insolvent companies where the government is the liquidator (e.g. official receiver) Unowned property; Often goods sold at government auctions will be unreserved, meaning that they will be sold to the highest bidder at the ...
Deals on vehicles and jewelry through a U.S. government auction website were a steal in more ways than one: An Oklahoma man pleaded guilty to hacking a website to buy the items for $1 each ...
[citation needed] In civil forfeiture cases, the US government sues the item of property, not the person; the owner is effectively a third-party claimant. The burden is on the government to establish that the property is subject to forfeiture by a preponderance of the evidence. If it is successful, the owner may yet prevail by establishing an ...
Instead of having traditional auctions with auctioneers where only people who attended could bid, PropertyRoom.com was created so that these goods could be auctioned online where people across the entire United States could place bids 24 hours a day, 7 days a week. For the clients using PropertyRoom.com's service, they handle the pickup of the ...
Property seized for non-payment of property taxes, or under foreclosure, is sold in this manner. Police auctions are generally held at general auctions, although some forces use online sites including eBay, to dispose of lost and found and seized goods. Debt auctions, in which governments issue and sell debt obligations, such as bonds, to ...
The correct term is Proceeds of Crime auctions as featured in the BBC documentary series Ill Gotten Gains. Proceeds of Crime auctions are an established route used by regional police forces across the country to dispose of proceeds of crime, lost and found, seized, and unclaimed stolen and confiscated property. Items available at police auctions
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