Comments about ‘Auction of exotic autos seized as part of a Ponzi scheme can proceed, judge rules’

Aren't we getting the cart before the horse here???

I have always been taught that a person in America is presumed innocent UNTIL proven guilty. As this matter has not gone to trial, on what basis does the government take this property and SELL it before the trial?

Whaat happens if the defendant is found not guilty? Does the government then take back all the vehicles from the buyers to restore them to this defendant?

If they have kept the vehicles this long, they should be able to afford to keep them until after the trial is over--the costs of storage will come out of the sale proceeds anyway.

The cost of storing the vechile are about 22,000.00 amonth and at that rate if they waited till the trail was over they wouldn't be in the hole does the tax payers want to shoulder the difference if the auction doesn't make enough to cover the storage bill. I pay enough taxes without the added burden.

. . . PROVIDED that the sale is provisional, that the sale can be rescinded if the accused is found not guilty, that the buyer knows that the sale is not final until a verdict and any appeals are completed in the trial, and that the accused can retrieve ownership of the properties without cost if he is found not guilty. A sale prior to a determination of guilt is not right. Let the buyer beware.

1. What if he's found innocent? (auction sales ARE final, for both paries, not just one).

2. Will the proceeds go to pay back those ripped off? Or the State and the layers? If it's going to the victims... the sooner the sale the more they will get back so hurry up!

3. Why not just get the trial overwith? That would take care of both of my concerns above. What's taking so long?

What about clear titles to the vehicles? How will a buyer get, any car auctioned off, a clear title?