Tuesday, August 27 2013 1:55 AM EDT2013-08-27 05:55:22 GMT
Three Shreveport car dealers are facing a host of federal charges in what the U.S. Attorney's office calls a money laundering scheme revolving around the sale and financing of new and used vehicles to drug dealers.More >>
Three Shreveport car dealers are facing a host of federal charges in what the U.S. Attorney's office calls a money laundering scheme revolving around the sale and financing of used and new vehicles to drug dealers.More >>
SHREVEPORT, LA (KSLA) -
Dozens of vehicles will be auctioned off on Friday at Mike's Auto Sales in Shreveport.
The auction is being held in connection with a $1.3 million asset forfeiture case that resulted in an owner and operator of Mike's Auto Sales and A-1 Auto Finance pleading guilty to money laundering, wire fraud and tax evasion charges.
The business closed down after a federal raid in July of 2012. Three owners and operators pleaded guilty to those charges in August 2013.
William Boyter pled guilty to money laundering, Michael Boyter pled guilty to tax evasion and wire fraud, and Anthony Riley pled guilty to 2 counts of failure to comply with federal banking regulations.
Now the United States Marshals Service will hold a public auction on May 16 at 10 a.m. at the former Mike's Auto Sales location, which is at the intersection of Hearne Avenue and Midway.
42 vehicles will be auctioned off to the highest bidder. The auction will also include some of the equipment that was used at the used automobile dealership, including vehicle lifts, air compressors, etc.
Lawler Auction Company has been hired to conduct the auction onsite and will offer a public preview and inspection of the vehicles Thursday between the hours of 1:00 p.m. and 5:00 p.m.
Interested persons can also view photos, lists, and terms of the auction by clicking on www.lawlerauction.com. Payment must be made in full on the day of the auction with cash before the winning bidder leaves the auction site and buyers must have a government issued photo identification card, such as a driver's license in order to bid.