Asset forfeiture:
drop the charges, keep the property. I guess the person behind Saeki
Co., Ltd. should feel appreciative he actually was graced with charges,
rather than just had his purchased vehicles seized and spirited away
with a mumbled explanation and some dodgy paperwork.
Saeki Co. bought several luxury vehicles from a place called Texas
Motors (which, oddly enough, is located in Florida) with the intent to
sell them for a significant markup to wealthy Japanese citizens. This is
possibly illegal, but not because of any explicit export ban.
The only reason it verges on illegal is because resellers like Saeki
ever-so-lightly tread on the toes of major manufacturers and their
authorized dealers who do the same thing.
The true legality of
the situation is undetermined. The feds behind the first seizures of
soon-to-be-exported vehicles didn't seem to have a firm grasp on the
matter. They certainly felt it was illegal, and this feeling resulted in plenty of seizures, but these agencies didn't have any crystal-clear guidance on the matter.
READ MORE:http://www.blacklistednews.com/Government_Seizes_Vehicles_Worth_%241_Million%3B_Brings_No_Charges%2C_Keeps_The_Cars/45464/0/38/38/Y/M.html
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