Watches seized in drug case auctioned by DR officials

| 06/01/2012

(AP): Authorities in the Dominican Republic on Thursday auctioned off 27 luxury watches that once belonged to an alleged drug boss known as the "Pablo Escobar of the Caribbean." Each watch was sold for less than half its market value for a total of roughly $600,000, said Julio Cesar Suffront, financial investigations director for the National Drug Control Agency. The watches were taken to experts in Miami and valued at between $5,000 and $85,000 each, he said. They were the first items seized from Jose David Figueroa Agosto to be auctioned. The accused druglord also owned 20 properties and 10 luxury cars, including a special edition Camaro that runs on jet fuel and cost more than $75,000.

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