From The Drive · Joel Feder · · 50s
Bring a Trailer President on Money Laundering
Bring a Trailer's president says money laundering claims on high-value car sales are extreme.
In brief
Bring a Trailer's president says money laundering claims on high-value car sales are extreme. Bring a Trailer's president says money laundering claims for expensive car sales are extreme and not accurate. Originally reported by The Drive.
Money laundering claims
Howard Swig, Bring a Trailer's president, says money laundering claims for high-value car sales are extreme.
“If some people think it’s money laundering, well, that seems extreme. I don’t think that’s accurate, but people have all sorts of crazy opinions, man”
VW GTI auction price
A 1992 VW GTI sold for $87,000 at Bring a Trailer auction, sparking money laundering questions.
Bid increment question
Swig explains why some buyers bid large increments on Bring a Trailer auctions, like $4,000 instead of $1,000.
Money laundering message
Swig says money launderers spending $90,000 on a VW GTI would be welcome to meet him.
“If you’re a money launderer and you are spending 90,000 on a whatever Mark three Golf GTI [Howard meant Mk2 GTI], would love to meet you”
The big picture
Bring a Trailer's president says money laundering claims for expensive car sales are extreme and not accurate.
