Fraud proceeds auctioned in Taichung: Richard Mille watch and Lamborghini Urus raise NT$24 million for state coffers
Taiwan's government turned seized fraud loot into cash, a small win for taxpayers and a warning to scam rings that their luxury goods end up on the auction block.
- Prosecutors in Taichung cracked a fraud case and confiscated the gang's high-end assets.
- A Richard Mille automatic watch sold for about NT$11.8 million, the top item of the sale.
- A used Lamborghini Urus SUV went for roughly NT$11.25 million.
- The haul also included 27 Hermès and Chanel handbags, with bidding drawing a crowd.
- Total proceeds came to more than NT$24 million, all going to the national treasury.
Outlook: Expect more of these sales as authorities keep seizing and reselling assets from fraud cases.