I read this weekend that federal authorities seized season tickets on the 45 yard line and four OU-Texas tickets from David Ray Gaddis, who owes the feds $309,000. The tickets were then sold through a ticket broker for an undisclosed sum.
My question is, for how much? According to stubhub.com, one could sell those tickets easily for north of $750/seat, and probably closer to $1k per seat. The OU-Texas tickets (which would be really nice seats, assuming same priority as the 45 yard line seats) are worth at least $400 each.
We know that the government has exhibited great business acumen in the past. The Mustang Ranch, a legal brothel in Nevada and the largest of its kind, was seized by the feds initially in 1990. It was put up for auction - and sold for $1.49 million to the man they seized it from. In 1999, the feds seized the property again, while seeking restitution for a $16 million tax lien. The property sat padlocked for four years, then the Bureau of Land Management sold the property for $145,000. So, they got about 1% of their money back.
So, my question is, can we find out via the FOIA how much the feds got for the tickets? They should have easily recovered $4,000 from these tickets, which probably have a face value around half of that. With the feds long demonstrated business acumen, they probably swapped the tickets out for a Jason White autograph and tickets to the OSU / Grambling State contest.
Another interesting element here is that for the ticket holder to have secured four season tickets on the 45 yard line, the gent would have had to make a sizable donation to the Sooner Club. Clearly Mr. Gaddis hasn't bee focused on paying the federales back.
And some of you want the government to fix the banking, automobile and healthcare industries. Good luck with that.