U.S. Targets Buyers of China-Bound Luxury CarsFebruary 11, 2014 – In The News
Ely Goldin was quoted in The New York Times article “U.S. Targets Buyers of China-Bound Luxury Cars.” While the full text can be found in the February 11, 2014, issue of The New York Times, a synopsis is noted below.
According to the federal government, businesses that buy new luxury cars from dealerships in the United States and sell them to other companies, which then ship them to China, are potentially violating customs laws and deceiving auto manufacturers, which try to keep tight control over sales to domestic dealers and to foreign countries.
In 2013, federal prosecutors and agents with the Secret Service and the Department of Homeland Security began to crackdown on this export business, which is estimated by some to be responsible for sending as many as 35,000 new luxury cars a year to China from the United States.
This crackdown has raised questions about the role of law enforcement in what some say is a commercial dispute that should be handled through private litigation.
Goldin said the government was doing the bidding of the automobile manufacturers. Disputes, he said, should be resolved through private litigation and not the threat of asset seizures or criminal prosecution.
“It is an open question who are the so-called victims and whether the purchase and sale of cars should be consider a fraudulent scheme,” Goldin said.