Auctions
Each year approximately 300 public auctions are conducted throughout the United States and Puerto Rico to sell property forfeited as a result of violations of federal law enforced by the Department of the Treasury. Sales proceeds are deposited in the Treasury Forfeiture Fund. Revenues from the Treasury Forfeiture Fund are used for law enforcement activities and for restitution to victims of fraud.
A wide variety of merchandise is available, including automobiles, aircraft, boats, real estate, jewelry, electronics, wearing apparel, industrial equipment, and miscellaneous goods. Property includes both new and used.
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