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Thread: Checkbooks Ready! US Marshals to Hold $4 Million Bitcoin Auction

  1. #1

    Checkbooks Ready! US Marshals to Hold $4 Million Bitcoin Auction

    https://www.ccn.com/checkbooks-ready...tcoin-auction/

    The US Marshals Service has announced an upcoming auction for over $4 million worth of bitcoin seized during various legal proceedings. The sealed bid auction, which is scheduled to take place in November, will offer approximately 660 BTC seized during about 31 federal criminal, civil and administrative cases under the asset forfeiture framework of the Department of Justice.

    Particulars for the Auction

    Interested parties are expected to register with the USMS to be evaluated and cleared for the bid process. The required items for the registration are a manually signed copy of the bidder registration form, a copy of a government-issued photo ID for the bidder, a deposit in USD sent from a bank located within the United States, and a copy of the EFT transmittal receipt.

    Following submission, eligible bid candidates will be announced on November 1, ahead of the auction, which is scheduled to take place on November 5. According to the USMS website, bid registration will take place between October 22 and October 31.

    Following this, the online auction period featuring vetted and accredited bidders will begin on November 5.

    An excerpt from the announcement reads:

    “The prevailing bids will be determined by the following criteria: The eligible bidder who offers the highest price will be the prevailing bidder; If there are multiple bids at the highest price, the first bid received will prevail; and If a winning bidder defaults, the next highest bidder will be declared the winning bidder.”
    Changing Global Law Enforcement Strategy

    The asset forfeiture program has traditionally been used to go after assets acquired through proceeds of illegal or criminal activity, which are usually in the form of real estate, artworks, vehicles, jewelry, and cash.

    Over the past few years, however, regulators and governments around the world have increasingly recognised bitcoin as an asset to be confiscated during civil and criminal proceedings that necessitate asset seizure.

    In July, CCN reported that Canadian police seized $1.6 million in bitcoin from an unnamed man accused of selling drugs on dark web marketplace Silk Road under the pseudonym “MarijuanaIsMyMuse.”

    Last month, CCN also reported that the secretary of Thailand’s Anti-Money Laundering Office (AMLO), Witthaya Neetitham announced that the government agency is planning to create its own cryptocurrency wallet for the purposes of tackling crime relating to bitcoin and other cryptocurrencies as it seeks to close a legal loophole that has allowed cybercriminals keep the proceeds of their activities despite prosecution.
    You will need to deposit $200,000 to participate in the auction. There will be six blocks of 100 bitcoins and one block of 60 coins up for bid. You need a separate deposit for each of the blocks you wish to bid on. Too late though- registration closed October 3rd. Winning bidders will be notified on November 5th. Current bitcoin price is $6,400 so a 100 coin block could be worth $640,000.
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  3. #2
    Quote Originally Posted by Zippyjuan View Post
    https://www.ccn.com/checkbooks-ready...tcoin-auction/



    You will need to deposit $200,000 to participate in the auction. There will be six blocks of 100 bitcoins and one block of 60 coins up for bid. You need a separate deposit for each of the blocks you wish to bid on. Too late though- registration closed October 3rd. Winning bidders will be notified on November 5th. Current bitcoin price is $6,400 so a 100 coin block could be worth $640,000.
    LOl, it is so obvious you are tied into these Govenment confiscation sites, any tax sales of property you want us to know about Too? Pennies on the dollar, and it is all yours, right?
    Quote Originally Posted by Zippyjuan View Post
    Ron Paul know some weird people...



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  4. #3
    Quote Originally Posted by Danke View Post
    LOl, it is so obvious you are tied into these Govenment confiscation sites, any tax sales of property you want us to know about Too? Pennies on the dollar, and it is all yours, right?
    It's crazy how you can get in trouble for buying stolen property, unless the government steals it.
    "He's talkin' to his gut like it's a person!!" -me
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  5. #4
    Quote Originally Posted by dannno View Post
    It's crazy how you can get in trouble for buying stolen property, unless the government steals it.

    I have know government workers like Zippy, retire early with a taxpayer’s paid pension, and buying property for next to nothing because of the taxes to pay them is delinquent.
    Quote Originally Posted by Zippyjuan View Post
    Ron Paul know some weird people...



    Quiz: Test Your "Income" Tax IQ!


    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  6. #5
    Quote Originally Posted by Danke View Post
    I have know government workers like Zippy, retire early with a taxpayer’s paid pension, and buying property for next to nothing because of the taxes to pay them is delinquent.
    Is that how you did it? Maybe you can tell me how!
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    I am Zippy and I approve of this post. But you don't have to.

  7. #6
    Quote Originally Posted by Zippyjuan View Post
    Is that how you did it? Maybe you can tell me how!

    U r so obvious
    Quote Originally Posted by Zippyjuan View Post
    Ron Paul know some weird people...



    Quiz: Test Your "Income" Tax IQ!


    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  8. #7
    Quote Originally Posted by dannno View Post
    It's crazy how you can get in trouble for buying stolen property, unless the government steals it.
    Legally, the various governments and bankers involved always were the owners, since dividends/assets earned by property (you) belongs to the owner of that property. It's not stealing if it belonged to you in the first place. That is the real legal framework we live under and why anything can be seized by the mere banging of a judge's gavel.

    The ID requirement in the OP article is not to identify you. The ID is required in order to identify the name of the commercial entity that will hold the dividend/asset. They own the name, therefore they own whatever the name possesses. You call yourself the name but the name is not you. It's all trust and estate law.
    Last edited by devil21; 10-22-2018 at 09:50 AM.
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