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149 cars including Teslas and classic muscle cars were seized by the FBI in an investigation into an alleged 'Ponzi-type' scheme. Now they're up for auction.

Brittany Chang   

149 cars including Teslas and classic muscle cars were seized by the FBI in an investigation into an alleged 'Ponzi-type' scheme. Now they're up for auction.
Business1 min read

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  • A collection of cars seized by the FBI in an investigation is going up for auction on Saturday, October 26.
  • The 149-car collection includes two Teslas, eleven Plymouth Road Runners, a dozen Chevrolet Camaros, nine Dodge Challengers, and a Pontiac owned by Burt Reynolds.
  • Victims of the alleged Ponzi scheme include Warren Buffet's Berkshire Hathaway and insurance giant Progressive.
  • Visit Business Insider's homepage for more stories.

A collection of cars seized by the FBI - including a Tesla, classic muscle cars, and a car owned by Burt Reynolds - in the investigation into allegations DC Solar ran a "Ponzi-type" scheme will be up for auction next Saturday.

The 149 cars were seized from DC Solar founder Jeff Carpoff and his wife Paulette's home and business in California and Las Vegas in December 2018. The company filed for bankruptcy shortly after, the San Francisco Chronicle reported.

The vehicles are being auctioned off by the United States Marshals Service and Apple Auctioneering Co., a family-owned auction company that "specializes in the liquidation of seized assets for government agencies," according to its Facebook page.

Read more: See all the supercars seized from the son of an African dictator that just sold at auction for $27 million

"It is rare for the U.S. Marshals to hold an auction of such a stunning collection of vehicles," Chief Deputy U.S. Marshal Lasha Boyden said in a prepared statement.

The proceeds of the sale will be deposited into the USMS's seized asset account while awaiting further Court orders.

Keep scrolling to learn more about the collection of cars and its history:

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