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Bid4Assets
Bid4Assets, established in 1999, was the first online real estate auction website to operate in the United States. The company auctions distressed real estate and personal property for private investors and federal and local government. It has served the United States Marshals, the U.S. Department of Treasury and over 100 counties throughout the United States. To date, Bid4Assets has sold over 125,000 properties nationwide and grossed over $1 billion in sales. The company is based in Silver Spring, Maryland. Notable auctions Notable auctions conducted by Bid4Assets include: * In June 2000, the presidential yacht, USS ''Sequoia'', sold for $2 million to Gary Silversmith. * In September 2000, Bid4Assets conducted the first-ever internet-based tax sale for Kern County, California. Bid4Assets has conducted tax sales via online auction for 50 of the 58 counties in California. * The original Watergate lock * The Beastie Boys Grand Royal record label, * In July 2002, Bid4Assets conduc ...
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Grand Royal
Grand Royal was the Los Angeles, California-based vanity record label set up in 1992 by rap group Beastie Boys in conjunction with Capitol Records after the group left Def Jam Recordings. ''Grand Royal'' was also the name of a magazine written and published by the group. Described as a publication that "came to define part of Generation X," the total distribution of the six issues of ''Grand Royal'' was estimated at 300,000 copies. Due to mounting debts, Grand Royal went out of business in 2001. Its assets were sold off via auction on Bid4Assets; these assets did not include any rights to Beastie Boys music. The assets and back catalog were purchased by a group of fans who in turn started GR2 Records. In 2016, GR2 sold the rights and master recordings of Grand Royal's second release ''My Crazy Life'' to a member of the band Dead Fucking Last. In 2017, Stiletto Entertainment, the company that currently owns GR2, was sued by dance-punk band Liquid Liquid for copyright infringement ...
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Operation Sandshaker
Operation Sandshaker was a three-year investigation, between 2000 and 2003 in Pensacola, Florida that resulted in the arrest of more than thirty residents, many of them respected individuals within the community. The individuals were suspected in trafficking cocaine from Miami into the Pensacola area. The cocaine ring was centered on a small bar, the Sandshaker, on the island town of Pensacola Beach. The arrested included a millionaire, a middle school teacher, and a substance abuse counselor. Location The Sandshaker Lounge, Package Store and Sandwich Shop, located at 731 Pensacola Beach Boulevard, Pensacola Beach, Florida, consists of two small bars and lounge area totaling approximately . The total lot size is . The bar opened in 1977 and is credited with creating Pensacola's own drink, The Bushwacker. Auction and reopening The business operation was closed on September 16, 2004, due to Hurricane Ivan. The Sandwich Shop was not in operation prior to the hurricane. All accounts, c ...
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Golden Eye Diamond
The Golden Eye Diamond is a flawless Fancy Intense Yellow diamond, claimed by one of its past owners to be the world's largest of its cut and color. It is believed to come from the Kimberley area of South Africa. Tom Moses, a senior vice president with the Gemological Institute of America, agrees that it came from South Africa, but it has not been able to be determined the mine of origin. Ownership and history Upon the arrest of Ohio businessmen Paul Monea and Mickey Miller, its actual ownership was unclear. The Federal Bureau of Investigation seized the diamond following an undercover investigation of Monea and Miller that resulted in his conviction for money laundering and the diamond's forfeiture to the U.S. government in 2007. Amid Monea and Millers prosecution, 17 claimants came forward in the case to claim ownership, or an ownership interest, in the Golden Eye Diamond (Akron Federal Court Case No. 5:07CR0030). The Court ruled that three claimants had colorable ownership cl ...
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Private Companies
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (4 ...
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Silver Spring, Maryland
Silver Spring is a census-designated place (CDP) in southeastern Montgomery County, Maryland, United States, near Washington, D.C. Although officially unincorporated, in practice it is an edge city, with a population of 81,015 at the 2020 census, making it the fifth-most populous place in Maryland after Baltimore, Columbia, Germantown, and Waldorf. Downtown, next to the northern tip of Washington, D.C., is the oldest and most urbanized part of the community, surrounded by several inner suburban residential neighborhoods inside the Capital Beltway. Many mixed-use developments combining retail, residential, and office space have been built since 2004. Silver Spring takes its name from a mica-flecked spring discovered there in 1840 by Francis Preston Blair, who subsequently bought much of the surrounding land. Acorn Park, south of downtown, is believed to be the site of the original spring. Geography As an unincorporated CDP, Silver Spring's boundaries are not consistently de ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Auction
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading, a ...
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United States Marshals
The United States Marshals Service (USMS) is a Federal law enforcement in the United States, federal law enforcement agency in the United States. The USMS is a Government agency, bureau within the United States Department of Justice, U.S. Department of Justice, operating under the direction of the United States Attorney General, Attorney General, but serves as the enforcement arm of the Federal tribunals in the United States, United States federal courts to ensure the effective operation of the United States federal judiciary, judiciary and integrity of the Constitution of the United States, Constitution. It is the oldest U.S. federal law enforcement agency, created by the Judiciary Act of 1789 during the presidency of George Washington as the "Office of the United States Marshal". The USMS as it stands today was established in 1969 to provide guidance and assistance to U.S. Marshals throughout the United States federal judicial district, federal judicial districts. The Marshal ...
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USS Sequoia (presidential Yacht)
USS ''Sequoia'' is the former presidential yacht used during the administrations of Herbert Hoover through Jimmy Carter; setting a cost-cutting example, Carter ordered her sold in 1977. Often called the “floating White House”, the ''Sequoia'' offered presidents, first families and high-ranking government officials a place to escape the complexities of official life while also serving as the backdrop for significant moments of 20th-century American history. A congressional resolution passed December 1985 stated, “Sequoia was the setting for Presidential meetings, negotiations and decisions of extraordinary significance for and effect on the history of the United States and the course of world events” and “recognized the unique significance of the former Presidential yacht Sequoia which has made her a symbol of American political heritage and the Office of the President”. ''Sequoia'' was designated as a National Historic Landmark in 1987 and according to a statement m ...
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Tax Sale
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if the lien is not redeemed, the lienholder may seek legal action which will result in the lienholder either automatically obtaining the property, or forcing a future tax deed sale of the property and possibly obtaining the property as a result. General The governmental entity can be any level of government that can assess and collect property taxes or other governmental debt, such as counties (parishes, in the case of Louisiana), cities, townships (in New England and other jurisdictions), and school districts (in places where they are independent of other governmental jurisdictions, such as in ...
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Beastie Boys
Beastie Boys were an American rap rock group from New York City, formed in 1978. The group was composed of Mike D, Michael "Mike D" Diamond (vocals, drums), Adam Yauch, Adam "MCA" Yauch (vocals, bass), and Ad-Rock, Adam "Ad-Rock" Horovitz (vocals, guitar, Programming (music), programming). Beastie Boys were formed out of members of experimental hardcore punk band the Young Aborigines in 1978, with Diamond as vocalist, Jeremy Shatan on bass guitar, John Berry (Beastie Boys), John Berry on guitar, and Kate Schellenbach on drums. When Shatan left in 1981, Yauch replaced him on bass and the band changed their name to Beastie Boys. Berry left shortly thereafter and was replaced by Horovitz. After achieving local success with the 1983 comedy hip hop single "Cooky Puss", Beastie Boys made a full transition to hip hop, and Schellenbach left. They toured with Madonna (entertainer), Madonna in 1985 and a year later released their debut album, ''Licensed to Ill'' (1986), the first rap reco ...
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Michael Schumacher
Michael Schumacher (; ; born 3 January 1969) is a German former racing driver who competed in Formula One for Jordan, Benetton, Ferrari, and Mercedes. Schumacher has a joint-record seven World Drivers' Championship titles (tied with Lewis Hamilton) and, at the time of his retirement from the sport in 2012, he held the records for the most wins (91), pole positions (68), and podium finishes (155)—which have since been broken by Hamilton—while he maintains the record for the most fastest laps (77), among others. After beginning his racing career in karting, Schumacher enjoyed success in several junior single-seater series. After a one-off Formula One appearance with Jordan at the 1991 Belgian Grand Prix, Schumacher was signed by Benetton for the rest of the season. He won his first and second drivers' titles consecutively in and . Schumacher moved to the struggling Ferrari team in . During his first years at the team, Schumacher lost out on the title in the final ra ...
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