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USMS Asset Forfeiture Bitcoin Sale

FOR SALE 2,719.32669068 bitcoins

THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL BUT INVITES INTERESTED PARTIES TO SUBMIT A BID FOR PURCHASE. THE FOLLOWING INFORMATION IS BEING PROVIDED WITHOUT RECOURSE TO THE UNITED STATES OF AMERICA AND THE UNITED STATES MARSHALS SERVICE. CHECK BACK FREQUENTLY FOR UPDATES

PLEASE READ ALL INSTRUCTIONS CAREFULLY.

FAILURE TO COMPLY WITH ANY OF THE FOLLOWING INSTRUCTIONS WILL RESULT IN DISQUALIFICATION FROM THIS SEALED BID AUCTION.

This sealed bid auction is for 2,719.32669068 bitcoins in one block. The required deposit to participate in this auction is $100,000.00 USD.

These bitcoins were forfeited in various federal criminal, civil and administrative cases, including:

You will not have the opportunity to view other bids. You will not have the opportunity to change your bid once submitted.

Phase I: Bidder Registration Opens: 8:00 AM EDT, Monday, August 8, 2016 Deadline: Noon EDT, Thursday, August 18, 2016 All interested parties must first register with the USMS. You are not eligible to submit a bid or otherwise participate in this auction unless you have submitted all required documents and have received confirmation from the USMS that you are an eligible bidder. Any registration documents received after the deadline will not be considered. Registration documents that were submitted in prior USMS auctions are not valid for this auction you must submit new registration documents to be considered for this auction. Required Registration Items:

You must deliver the Required Registration Items by email to USMSBitcoins@usdoj.gov. The USMS will notify all bidders about their eligibility to participate in the auction by email no later than 5:00 PM EDT on Thursday, August 18, 2016. If the USMS determines that you are not an eligible bidder, the deposit funds will be returned, and you will not be eligible to participate in the online auction. The deposit of the winning bidder will be retained by USMS and credited towards the purchase price. If the winning bidder fails to close on the transaction through no fault of the USMS, the winning bidder will irrevocably forfeit his/her/its deposit to the USMS. The deposit of any bidder whose bid is not selected as a winning bid will be returned by ACH transfer to the original account from which the deposit was received. We will begin processing return of deposits immediately following the close of the bitcoin transaction(s). We hope to process all returns within five (5) business days, but high participation may result in slightly longer return times. Bidder Registration Form: Bidders must register to participate in this auction. One registration form allows you to place one bid on all bitcoins at the same per bitcoin price. The following example is provided for your convenience: Example: Bidder wants to place a bid to purchase all 2,719.32669068 bitcoins for the same per-bitcoin price (e.g. $X per bitcoin). Bidder should submit ONE registration form with a $100,000 deposit, and will use ONE Bid Form to bid on all bitcoins. Phase II: Online Auction Period Date: Monday, August 22, 2016, from 8:00 AM EDT to 2:00 PM EDT Only eligible registered bidders who have received an official Bid Form from the USMS may participate in the online auction.

In order for your bid to be considered by the USMS, you must send a signed pdf copy of the Bid Form within the online auction period window, which extends from 8:00 AM EDT until 2:00 PM EDT on Monday, August 22, 2016. Bids received before or after the online auction period will not be considered. Bids that do not conform to the instructions will not be considered.

The prevailing bids will be determined by the following criteria:

1. The eligible bidder who offers the highest price will be the prevailing bidder; 2. If there are multiple bids at the highest price, the first bid received will prevail; and 3. If a winning bidder defaults, the next highest bidder will be declared the winning bidder.

Bids are considered open until the USMS has declared that the bid is not a winning bid. Phase III: Award and Sale Close No later than 5:00 P.M. EDT on Monday, August 22, 2016, the USMS will notify the winning bidder that their bid has been selected. The winning bidder must send the purchase price funds (less the deposit amount) by a wire transfer originating from a bank located within the United States and provide a wire transmittal receipt to the USMS by 2:00 P.M. EDT, on Tuesday, August 23, 2016. It is the responsibility of the winning bidder to understand their banks deadline for initiating wire transfers in order to ensure that the domestic wire transfer is initiated and a wire transmittal receipt provided to the USMS by the deadline. Failure to provide the USMS with a copy of the wire transmittal receipt by the deadline will result in disqualification, forfeiture of the deposit, and award to another bidder. No bitcoin transfer will be made until the USMS has confirmed receipt of all purchase funds. The bitcoin transfer process will begin immediately following receipt of purchase funds. The winning bidder will be given private instructions related to the transferring of the bitcoins.

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TERMS OF SALE

ADDITIONAL INFORMATION

FREQUENTLY ASKED QUESTIONS

Your refund will be processed following the close of the auction. We will endeavor to initiate all refunds within five (5) business days following transfer of bitcoins to the winning bidder. Fund transfers are not immediate, as they are routed through the Department of Treasury (see paragraph below). If you provide incorrect information, it may take a week or longer to confirm that a transaction has been rejected before making another attempt. If you are sending funds from a foreign country using an intermediary U.S. bank, please be aware that receipt of refunds may take longer to process and confirm. Due to the foregoing factors, we cannot guarantee a date for you to receive your refund.

The Debt Collection Improvement Act of 1996, 31 United States Code 3716, requires the Department of the Treasury and other disbursing officials to offset Federal payments to collect delinquent debts owed to the United States, or delinquent debts owed to states, including past-due child support enforced by states. If an offset is made during an ACH transfer, the claimant will receive a notification from the Department of the Treasury at the address provided by the claimant. If you believe that your payment may be subject to an offset, you may contact the Treasury Department at the following number: 1-800-304-3107.

August 2016 Mon Tue Wed Thurs Fri 8 Phase I Bidder registration opens at 8:00am EDT 9 10 11 12 15 16 17 18 Phase I Bidder registration and deposit due by Noon EDT. USMS notifies parties about eligibility to participate in the online auction by 5:00pm EDT. 19 22 23 24 25 26 Phase II Online auction period from 8:00am EDT to 2:00pm EDT. Phase III Winning bidder notified by 5:00pm EDT Winning bidder must initiate wire to the USMS by 2:00pm EDT      

 

 

 

Asset Forfeiture

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