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| The Pub For General Automotive Related Talk |
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13-02-2024, 10:51 PM
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DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,917
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Police raid near Campbelltown NSW, in the news. Alleged proceeds of crime taken away included a white XW GT or tribute.
Be interesting if it ends up at auction. https://www.youtube.com/watch?v=pYvMM5yO1WM |
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13-02-2024, 11:41 PM
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#2 | |||
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FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Canberra Region
Posts: 9,056
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Quote:
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2016 FGX XR8 Sprint, 6speed manual, Kinetic Blue #170 2004 BA wagon RTV project. 1998 EL XR8, Auto, Hot Chilli Red 1993 ED XR6, 5speed, Polynesian Green. 1 of 329. Retired 1968 XT Falcon 500 wagon, 3 on the tree, 3.6L. Patina project. |
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13-02-2024, 11:48 PM
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praek tih kl jo kr
Join Date: Mar 2011
Location: Atwell W.A.
Posts: 1,708
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There is a process, but when it comes to drug related stuff the minute its determined proceeds of crime its sold, or if the crim surrenders it, as some do if they know they cant show legitimate earnings to cover the purchase price.
All I see come up for auction from impound is mostly all Hoon trash, I think with the good stuff it gets sent to the places that get the best dollar. |
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14-02-2024, 10:43 AM
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#4 | |||
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FF.Com.Au Hardcore
Join Date: Feb 2007
Location: Perth
Posts: 7,292
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Quote:
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jaydee351 4DV8 |
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14-02-2024, 11:21 AM
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#5 | ||
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Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,755
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Classic baz who i used to work with had an almost believable theory as to why a lot of Australian 70s performance cars that were worth not alot in the 80s and early 90s shot up in value. Money laundering in the drug trade. So im using made up numbers, but say a dealer buys say an slr5000 that was worth say 5k, but payed 105k because it had 100k of gear in the boot, on paper the car is now worth 105k. So the car is now an asset worth 105k. Then that trend inflates the prices of people who are legit and own similar cars.
When i was fixing up some of the hi bays at shannons in artarmon i asked one of the staffers to move a phase 3. It had trays under it because it was leaking from everywhere, but i asked what he reckoned it would go for. He said half at a minimum, the leaks are genuine. I kept an eye on what it went for, 750k..... |
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14-02-2024, 12:37 PM
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#6 | ||
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Regular Member
Join Date: Oct 2019
Location: Earth
Posts: 474
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Those numbers don't seem right to me. Used to watch a lot of crime doco's. Half a kg worth $180,000. 180.000÷.5= 360. . . Who the (insert swear word) is gonna pay $360 a gram. But then says worth $50.000. Under 5 years ago ya could get 1kg of pure Columbian ford xd paint code 9 (lol) for $30.000.
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14-02-2024, 12:58 PM
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WT GT
 
Join Date: Jan 2006
Location: The GSS
Posts: 17,796
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I wouldn’t touch that XW no matter how cheap. These guys will get out of the slammer at some stage and they’ll want their car back.
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14-02-2024, 04:25 PM
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#8 | |||
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praek tih kl jo kr
Join Date: Mar 2011
Location: Atwell W.A.
Posts: 1,708
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Quote:
If they have enough drug money they can buy it back, once it goes through the process, they have no legal claim to it, so it would not be worth their while to even go looking for it. They could come and hassle you for it if they can find you and prove that its the same car as theirs, with the amount of white XW GT's and fakers there are out there it would be like trying to find a needle in a hay stack, plus you will have a lot of interstate bidders so it could end up anywhere. |
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14-02-2024, 06:04 PM
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#9 | |||
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RS The Faster Fords
 
Join Date: Feb 2014
Location: Westralia
Posts: 1,698
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A few years back we went for a look at a police auction, there was a couple of motorbikes there. Just as they were about to come up a few boof heads walked in, auctioneer calls the lot and one of the guys puts his card up and holds it above his head while the other two glare around the room. Yeah, nah think we'll let those ones pass 
__________________
Escort RS2000 Restored factory a/c and alloys. TD Cortina Unrestored 35 000km 6cyl manual. Mk1 GT Cortina Project. FG XR50 Daily. |
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14-02-2024, 07:01 PM
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Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,824
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14-02-2024, 07:07 PM
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FF.Com.Au Hardcore
Join Date: Mar 2012
Posts: 5,159
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So this was behind me today.
No plates on the front, Trader plates on rear 
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14-02-2024, 07:46 PM
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Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,824
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Mind you, one of the best customers I ever had was a drug dealer who just came out of 8 years in prison, we got his car sorted out for him after he got it out of storage. |
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Drug Raid GT - Proceeds of Crime
Re: Drug Raid GT - Proceeds of Crime
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