Items Up for Bid at the IRS’s Young Buck Auction: ‘Marijuana Leaf Picture,’ Royal Copenhagen White Bear Figures, Three-foot Santa Claus
[caption id="attachment_19427" align="alignright" width="150" caption="Could be yours"][/caption]
Plus the Scarface poster, natch. The good news is that lots of this stuff is probably affordable. Not like some auctions.
From the Tennessean:
• Several gold and platinum records for his own work and collaborations with 50 Cent – Yawn.
• Several pieces of fine art – Fine art according to whom? The IRS or the reporter? OR Young Buck?
• Multiple LCD and plasma televisions – Shock.
• Designer watches and an assortment of faux-fur coats – Again, floored.
• Pictures of Al Pacino and rapper Tupac – Lover of legends, obviously
• A “marijuana leaf picture” – Bid increments are 25¢.
• Three Royal Copenhagen white bear figurines – These? Really, Young Buck?
• A 3-foot white and silver Santa Claus decoration – Never too early to start the Christmas shopping!
IRS to auction off rapper Young Buck’s property on Oct. 28 [Tennessean]
For Some Unknown Reason, The IRS Confiscated a Nearly Worthless Scarface Poster in Young Buck Raid
Earlier in the month you may recall the story of hip-hop artist Young Buck being on the wrong side of a IRS raid that involved some of those shiny shotguns.
At that time, we learned that the agents seized several items – recording equipment, jewelry, furniture, his platinum wall plaques – even Mr Buck’s PlayStation (he says it was his son’s but, come on).
Anyway, we now learn that agents also confiscated a $31k Breitling Bentley watch AND a Scarface movie poster with an approximate value of…$10.
We’re not too familiar with IRS protocols, so perhaps when someone’s house is raided, the standard operating procedure is to take literally everything. The furniture. The porno collection. Worthless movie posters that there are literally tens of thousands of copies of. It all goes.
Presumably, the agents could have sold the poster to a kid on the street for a few bucks so they could get coffee but it would still be only enough money for one or two coffees. Or maybe it was enough for one (one!) cover at the local strip joint for the post-raid celebration. Or maybe on of the guys/gals really, really, really wanted that poster. Who knows?
Motivation aside, it certainly serves as another fine example of IRS shrewdness when it comes to collection efforts.
$31,000 watch among items seized from Young Buck’s home [The Tennessean]
Has Florida CFO Alex Sink Watched Scarface Too Many Times?
It’s been a while since we shared some cost saving ingenuity from Florida’s CFO–cum-Gubernatorial candidate, Alex Sink. However, this time we learn how she managed to spend some of those savings.
According to the Politics blog of the South Florida Sun-Sentinel, CFO Sink’s Department of Financial Services has “purchased 182 assault rifles – costing $255,000, according to Sink’s office – in the last two years.” When you Google “assault rifle” one of the first links takes you to this.
A spokesman for the wannabe Guv made it plain for those GOP haters (who are all of a sudden against guns?) trying to block Sink from purchasing more BFGs:
The rifles are necessary to protect fraud investigators who deal with “dangerous people,” said spokesman Kevin Cate – arsonists, sophisticated car insurance fraudsters, money launderers. If Republican legislators are taking a shot at Sink with the assault-weapon purchasing ban, “that’s a shot at officer security,” Cate said.
Sink said: “I rely on my law enforcement people to evaluate what the risks are and what they need. I’m going to do everything possible to protect them.”
Look. We’ve got no doubt that some white-collar criminals are dangerous but this seems a tad ridiculous.
On the other hand, since it is South Florida and basically anything can happen (including 10 – 26% returns on arbitraging groceries) perhaps this type of firepower is necessary.