DEA Government Seized Property?

[starryeyed]

I saw a big spread in yesterday's WSJ with a list (in microscopic print) of all kinds of drool-worthy stuff seized by the DEA.

Why do they publish this list? Any idea?

I guess the stuff eventually goes to auction, but why the public announcement?

 

[davi_el_mejor]

Because they have too. LOL

If the goods are stolen, it gives the respective owners a chance to claim their possessions.

You can great deals at these auctions, especially jewelry.

 

[mary poppins]

Notice is required under the Code of Federal Regulations.

http://ecfr.gpoaccess.gov/cgi/t/text/te ... .5&idno=21

I haven't been to any of the auctions, but I bet there are some really good deals to be had on jewelry, electronics, cars and boats.

 

[lulu]

http://www.seizedacquisitions.com/

They do auction these items and there is quite a bit of jewelry.

 

[starryeyed]

Pardon my ignorance on this, but....

If my property was stolen as part of a DEA seizure, most likely I am a drug dealer or somehow affiliated, so why would I be so stupid as to try to claim my stuff?? Wouldn't I be essentially turning myself in??

Does this seem crazy to anyone else? Do people actually submit claims on the property who aren't then automatically arrested?

 

[starryeyed]

http://www.seizedacquisitions.com/

They do auction these items and there is quite a bit of jewelry.

Shoot, I just missed an auction!

Looks like some great stuff! Did you see the "multi-million-dollar mansion" for an opening bid of $500K? Wouldn't it be outrageous if you bought it and then someone in the old drug ring, who didn't get the memo, showed up at your door? Yikes.

 

[dragonfly411]

starryeyed - My assumption would be that if it were my property that was stolen it could have been used as payment/bartering in drug deals, not that I am a drug dealer per say. For instance, SO's gun was stolen out of his truck. The people might use the gun as a payment to someone, and then it gets DEA seized. SO sees it and wants his gun back (booooy does he want that gun back). There ya go?

 

[starryeyed]

starryeyed - My assumption would be that if it were my property that was stolen it could have been used as payment/bartering in drug deals, not that I am a drug dealer per say. For instance, SO's gun was stolen out of his truck. The people might use the gun as a payment to someone, and then it gets DEA seized. SO sees it and wants his gun back (booooy does he want that gun back). There ya go?

I guess that makes sense, but if your SO's gun was stolen, that gun was registered and a police report was most likely filed - wouldn't the DEA contact him?

 

[davi_el_mejor]

http://www.seizedacquisitions.com/

They do auction these items and there is quite a bit of jewelry.

Have you looked at the loose stones? It reminds me of ebay... and it seems like people are way overpaying... lol

 

[kenny]

Any FCDs, fancy colored diamonds?

I read the best FCSs are the most concentrated form of wealth on the planet.
I'd think drug dealers would love a tiny thing that would fit under your tongue that's worth a few million dollars and can be discretely turned into cash in any major city for moving money around the world.

 

[davi_el_mejor]

starryeyed - My assumption would be that if it were my property that was stolen it could have been used as payment/bartering in drug deals, not that I am a drug dealer per say. For instance, SO's gun was stolen out of his truck. The people might use the gun as a payment to someone, and then it gets DEA seized. SO sees it and wants his gun back (booooy does he want that gun back). There ya go?

I guess that makes sense, but if your SO's gun was stolen, that gun was registered and a police report was most likely filed - wouldn't the DEA contact him?

True, but if the bust happened in a different state, county, town, etc... as much as we'd like to think all agencies talk to each other, they don't. Plus a lot of things are nearly as traceable as a gun. Like an original oil painting.

And Kenny,

I looked LOL, I'm on a fervent search myself and always looking for a deal