# Ponzi scheme mastermind's car collection going up for auction **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [December 17, 2009, 2:20pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346 "2009-12-17T14:20:19Z")\ **Posts on this page:** 16\ **Page:** 1
**Author:** ![XwalkerX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/xwalkerx/32/7598_2.png) [@XwalkerX](https://forums.speedlife.net/u/XwalkerX)\ **Post date:** [December 17, 2009, 2:20pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/1 "2009-12-17T14:20:19Z")
No, not Bernie… > [@news article](#): > > US Marshals turn hundreds of vehicles over to auction > > December 16th, 2009 @ 9:46pm > By Keith McCord > SALT LAKE CITY – > Next month, a most unusual automobile auction will take place. If you’re looking for something classic or exotic, you’ll have a chance to bid on it. > It’s a huge collection of vehicles owned by an alleged white-collar criminal who will soon go to trial in Utah. > > Right now, the vehicles are stored in an old, narrow, brick warehouse in Salt Lake. It’s a stunning sight at first: side by side, bumper to bumper, from one end of the building to the other; millions of dollars worth of vehicles. > > Over the past year, the cars, trucks and bikes were confiscated by the U.S. Marshals Service. > > “We regularly seize vehicles and properties, but this is by far the largest collection that we’ve ever seized,” said Dan Juergens, Deputy U.S. Marshal for the Utah district. > > When a federal criminal case involving stolen property is wrapped up, the ill-gotten items are sold at auction. > > Rob Olson, owner of Erkelens & Olson Auctioneers in Salt Lake, has the contract to conduct the auctions for the U.S. Marshals Utah district. He said this will be the biggest vehicle collection he’s ever had to auction, and he was astounded when he first saw it. > > “We were like kids in a candy store,” Olson said. “We would open up a storage door and couldn’t believe what we saw in front of us. We’d put that door down and go to the next and say, ‘Wow! It just gets better.'” > What makes this collection even more interesting is that all of the vehicles – close to 300 in all – is their connection to Mowen. He’s facing charges in an alleged Ponzi scheme where hundreds of investors lost $18 million. > Prosecutors also charged Mowen with trying to get a fellow Davis County inmate to kill four people who were scheduled to testify against him. He pleaded not guilty in a hearing earlier this week. > > Investigators located Mowen’s vehicles all over Utah. > “We picked up vehicles from different mechanics shops that the individual dropped them off at; a lot of them from storage units; we actually went to residences of individuals that had given vehicles to. You name it, we found vehicles just about everywhere you can think of,” Juergens said. > Mercedes, Bentley, Desoto: classic, collectors and exotics make up this collection. > > “I’m a third-generation auctioneer,” Olson said. “This is the nicest collection I’ve ever seen – ever.” > > Two auctions are planned to sell all of the vehicles: one on Jan. 7, and the other on Jan. 21. The location is still to be determined. Hundreds of people are expected to make bids on all the items. Olson expects every vehicle to sell. The auction should bring in several million dollars, which will be returned to Mowen’s investors. > **[US Marshals turn hundreds of vehicles over to auction](https://www.ksl.com/article/9057978)** > > Hundreds of cars, trucks and motorcycles confiscated by federal authorities, are on their way to the the auction block. All of the vehicles belonged to a Utah man accused in a giant Ponzi scheme. List of cars to be auctioned with pictures: Jan 7th [http://www.salesandauction.com/jan710.htm](http://www.salesandauction.com/jan710.htm) Jan 21st [http://www.salesandauction.com/jan2110.htm](http://www.salesandauction.com/jan2110.htm) Strange stuff in there mixed in with lots of replicas and a tiny bit of pure awesome: ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 17, 2009, 2:28pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/2 "2009-12-17T14:28:57Z")
They need to tell us where the auction will be :tup: Don’t fed cars go for super cheep? ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)\ **Post date:** [December 17, 2009, 2:30pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/3 "2009-12-17T14:30:23Z")
that dude had awful taste. ---
**Author:** ![Quattro\_Krant](https://avatars.discourse-cdn.com/v4/letter/q/ac91a4/32.png) [@Quattro\_Krant](https://forums.speedlife.net/u/Quattro_Krant)\ **Post date:** [December 17, 2009, 2:30pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/4 "2009-12-17T14:30:41Z")
> [@Onyx Z32](#): > > They need to tell us where the auction will be :tup: > > Don’t fed cars go for super cheep? Only when they are shit cars. All those commercials says “Cars starting at $100” are when the car is a non running K Car or something like that. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 17, 2009, 2:32pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/5 "2009-12-17T14:32:01Z")
So I’m not going to get that NSX for $15k? ☹ ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [December 17, 2009, 2:50pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/6 "2009-12-17T14:50:36Z")
RHD NSX’s in Canada are not much more than $15k when they come in… 🙂 ---
**Author:** ![Jeller](https://avatars.discourse-cdn.com/v4/letter/j/bc8723/32.png) [@Jeller](https://forums.speedlife.net/u/Jeller)\ **Post date:** [December 17, 2009, 4:14pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/7 "2009-12-17T16:14:58Z")
> [@mafdark](#): > > that dude had awful taste. werd^ ---
**Author:** ![Justin](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justin/32/7459_2.png) [@Justin](https://forums.speedlife.net/u/Justin)\ **Post date:** [December 17, 2009, 5:48pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/8 "2009-12-17T17:48:01Z")
Best one I have seen in there… ![http://www.ksl.com/emedia/slc/1651/165116/16511669.jpg?filter=ksl/pgallery](http://www.ksl.com/emedia/slc/1651/165116/16511669.jpg?filter=ksl/pgallery) ---
**Author:** ![Karter](https://avatars.discourse-cdn.com/v4/letter/k/e480ec/32.png) [@Karter](https://forums.speedlife.net/u/Karter)\ **Post date:** [December 17, 2009, 6:17pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/9 "2009-12-17T18:17:53Z")
![http://www.salesandauction.com/images/121-16.jpg](http://www.salesandauction.com/images/121-16.jpg) wont sell because it has the same shitty paintjob as the pickup on this forum that wont sell. however, hes got a cobra and a general lee, thats so bad ass loven the rat rod ---
**Author:** ![Jam](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jam/32/7235_2.png) [@Jam](https://forums.speedlife.net/u/Jam)\ **Post date:** [December 17, 2009, 6:49pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/10 "2009-12-17T18:49:04Z")
A bunch are reps what a homo I’d def take the general lee though ---
**Author:** ![Sansone](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sansone/32/4970_2.png) [@Sansone](https://forums.speedlife.net/u/Sansone)\ **Post date:** [December 17, 2009, 7:12pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/11 "2009-12-17T19:12:58Z")
lol, there is some of the weirdest cars mixed in there and a tracker :lol: ---
**Author:** ![91MR2](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/91mr2/32/7217_2.png) [@91MR2](https://forums.speedlife.net/u/91MR2)\ **Post date:** [December 17, 2009, 7:21pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/12 "2009-12-17T19:21:58Z")
A few nice cars, but really not a lot worth calling home about otherwise… ---
**Author:** ![glitch](https://avatars.discourse-cdn.com/v4/letter/g/0ea827/32.png) [@glitch](https://forums.speedlife.net/u/glitch)\ **Post date:** [December 17, 2009, 7:40pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/13 "2009-12-17T19:40:14Z")
Dibs on the Tracker ![http://www.salesandauction.com/images/1217-61.jpg](http://www.salesandauction.com/images/1217-61.jpg) ---
**Author:** ![airhead](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/airhead/32/7471_2.png) [@airhead](https://forums.speedlife.net/u/airhead)\ **Post date:** [December 17, 2009, 7:58pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/14 "2009-12-17T19:58:40Z")
Man that guy was all over the board with what he collected. Some crap but some damn cool cars in there. Did he take peoples cars instead of money to invest in those schemes or something? ---
**Author:** ![clinzee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/clinzee/32/5233_2.png) [@clinzee](https://forums.speedlife.net/u/clinzee)\ **Post date:** [December 17, 2009, 8:45pm UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/15 "2009-12-17T20:45:10Z")
There are some pretty sweet cars and some pretty weird ones. He also liked terrible paint jobs evidently. ---
**Author:** ![slow84ta](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slow84ta/32/7265_2.png) [@slow84ta](https://forums.speedlife.net/u/slow84ta)\ **Post date:** [December 18, 2009, 7:19am UTC](https://forums.speedlife.net/t/ponzi-scheme-masterminds-car-collection-going-up-for-auction/77346/16 "2009-12-18T07:19:48Z")
:lol: