4 Ferrari and Porsche supercars were seized by the IRS from a convicted fraudster and now they're going up for auction

Brittany Chang

January 28, 2020 11:06 PM

CWS Asset Management and Sales

Tucker was a former professional race car driver and American Le Mans Series champion, according to NBC News.

The US Treasury, IRS, and CWS Asset Management and Sales will auction off four sports cars that were owned by Scott Tucker on February 5.
Tucker was a professional race car driver who is convinced of running a fraudulent online payday lending company that scammed 4.5 million people.
The auction's proceeds will go into a fund to raise money for his victims.
The auction has four cars: a 2011 Ferrari 599 SA Aperta, a 2011 Porsche 911 GT2 RS, a 2005 Porsche Carrera GT, and a 2011 Ferrari 599xx.
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The US Treasury, IRS, and CWS Asset Management and Sales will auction off four sports cars on February 5.

The rare cars were owned by Scott Tucker, a former professional race car driver who was convicted of running a fraudulent online payday lending scheme that scammed 4.5 million people. The auction of the 2011 Ferrari 599 SA Aperta, 2011 Porsche 911 GT2 RS, 2005 Porsche Carrera GT, and 2011 Ferrari 599xx will be auctioned to the public in order to raise funds for the victims.

Tucker and his co-defendant, attorney Timothy Muir, defrauded 4.5 million customers including 250,000 New York residents in every state by lying about the cost of people's loans, the US Attorney's Office for the Southern District of New York claims. Many of the victims were "struggling to pay basic living expenses" with some customers being scammed out of thousands of dollars, the government says.

Tucker and Muir were convicted on October 13, 2017, after a five-week trial. They had 14 counts against them. Tucker was sentenced to 200 months, and Muir 84 months. The case was featured on Netflix's "Dirty Money" documentary series in 2018.

Keep scrolling to learn more about the case and the four cars:

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