Do you ever wonder what happens to the millions of dollars of merchandise that is seized by U.S. Customs and Border Protection (CBP)?
After it has been seized and forfeited (i.e. becomes the property of the United States Government), it is auctioned by the U.S. Department of the Treasury. General property (cars, boats, planes, jewelry, coins, toys, electronics, laptops, etc.) are auctioned regularly at 3 locations in the United States - Dayton, New Jersey, Pompano Beach, Florida, and Riverside, California. Buyers can get some absolutely fabulous deals, but buyer beware. Cash and credit cards are accepted. Anything purchased for $10,000 or less must be paid in full promptly. Anything over $10,000 must be paid in full within 2 business days by 4:00 p.m.,and wire transfers are then acceptable.
The next U.S. Department of the Treasury auction is August 20, from 9:00 a.m.to 4:00 p.m., in Florida. The exact address is 2951 NW 27th Avenume, Pompano Beach, Florida 33069. Inspection of items is allowed prior to the start of the auction, and you must register prior to submitting any bid. I encourage serious bidders or buyers to read the "Sale of Government Property General Sales Terms and Conditions". See you at the auction on August 20. I might buy that Rolex watch I have been dreaming about.
For any questions or comments about seizures or forfeitures, please contact me directly at:
Peter Quinter, Chair
Customs and International Trade Law Group
1221 Brickell Ave.
Miami, FL 33131
office (305) 416-6960
mobile (954) 270-1864