81°F
weather icon Clear

Mexico plans to auction off seized luxury goods to help poor

MEXICO CITY — Mexican President Andrés Manuel López Obrador hasn’t just moved out of the luxurious president’s residence, he’s using it to auction off seized luxury goods to raise money for poor communities.

After he took office Dec. 1, López Obrador stayed in his middle-class condominium and turned the Los Pinos residence into a museum and cultural venue.

But on Sunday, the sprawling compound will host the first of several auctions of seized luxury goods, including a 2007 Lamborghini Murcielago, with an estimated worth about $73,000. If that’s too expensive, there is a 2014 Mercedes Benz ML63 at about $20,000.

There are also, interestingly, lots of bullet-proof cars up for bid. Proceeds will go to two of Mexico’s poorest townships, Santo Reyes Yucuná and Santa María Sanir in Oaxaca state.

López Obrador’s new Institute to Return Stolen Goods to the People will continue with auctions of real estate and jewelry, most confiscated from criminals or in tax cases.

Some of the seized properties have been loaned out for use by non-governmental groups but will eventually be sold in other auctions to raise money.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Kellyanne Conway will skip Hatch Act hearing

Kellyanne Conway, an adviser to President Trump, won’t testify at a hearing called to examine the Office of Special Counsel’s recommendation that she be fired for engaging in political activity while working as a federal employee.

Mom accused of boiling puppies, poisoning kitten, torturing kids

A woman beat and tortured at least some of her 15 children and forced them to watch as she brutally killed their pets, authorities said in New Mexico, the latest place where the woman and her husband have been the subject of complaints.

 
Texas parents charged after infant dies with 90-plus fractures

The parents of a Houston newborn who suffered a cracked skull and more than 90 fractures just days after being brought home from the hospital were arrested in their daughter’s death, according to police and Harris County prosecutors.

Illinois becomes 11th state to allow recreational marijuana

Illinois’ new governor delivered on a top campaign promise Tuesday by signing legislation that makes the state the 11th to legalize small amounts of marijuana for recreational use and the second to approve it through the Legislature rather than the ballot box.

Imprisoned supercop’s movie-like escape from Venezuela

As the last rays of sunlight faded into the Caribbean Sea, political fugitive Iván Simonovis was speeding toward an island rendezvous with freedom.