The Proceeds of Crime Act now allows for a court to confiscate any goods that a person can not legally account for. There are many thousands of such court orders issued each year, and items that can not be returned to their legal owner are auctioned off at local auction houses all over the UK at Proceeds of Crime auctions as featured in the BBC documentary series Ill Gotten Gains. Police 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.
Although car auctions might help you in buying a dream car within your budget, it is a fact that these events are not publicized to larger extent. Experts feel that if there is an increase in the number of bidders at these auction, the final bid price will be affected. Again, dealership sale also gets affected with such flocking and it always slides down. Henceforth, you should expect that the auction information will always be hidden from the public. You should try to catch such data on websites that work as search engines for car auctions.
When it comes to car auctions, try not to put all your eggs in one basket, because there will always be more chances to score a sweet ride on the cheap. Like gambling, it’s always good to have a limit in place before the bidding starts, because nothing sucks more than overspending on a car that only gets you halfway home before the damn transmission craps out.
Law enforcement has the ability to seize or confiscate the property of criminals, or property used by criminals or their associates for the purpose of conducting illegal activity. For example, a person convicted of drug trafficking or the selling of stolen property will forfeit their vehicles and any other property that is used to perpetuate illegal activity or was obtained by the proceeds of that illegal activity. When a vehicle is seized, it's held by the agency until the time of auction.
When Jaws sees you cruising on this 1975 Sea Ray SRV300 Weekend Cruiser, he will think twice about trying to come after you. After all, you will have a 250 Horsepower Mercruiser, Inboard engine to chase after him when he attempts to menace you and your friends while you enjoy the beautiful, sunny weather. This boat is a great boat to take your friends out fishing for a day, or even for an overnight trip, as it comes with a galley that has both a refrigerator and stove-top. This boat may need a little love, however, it will provide that much more fun. This is an online auction, but you can preview the item Monday through Saturday, 9am to 5pm, without an appointment. To find out more information, activate your free trial here.