JammedUp News


Feds auction Miami drug kingpin’s high end luxury vehicles, South Beach condos

July 8, 2016  |  Posted by: JammedUp Staff
Feds auction Miami drug kingpin’s high end luxury vehicles, South Beach condos

Are you in a legal jam? Find a Lawyer, Bail Bondsman or Private Investigator on JammedUp.

Federal authorities seized the assets of Miami drug kingpin Alvaro Lopez Tardón, which included luxury and exotic sports vehicles such as a Bugatti Veyron 16.4, Enzo Ferrari, Rolls-Royce Ghost, Maybach 57S, Ferrari F430, along with four SUVs including two Range Rovers and two Mercedes.

Last fall, the 44-year-old Spanish national was convicted of charges listed in a federal drug trafficking and money laundering indictment stemming from an investigation dubbed Los Miami. On Wednesday, federal officials auctioned off the pricey assets seized in the case during a two-day event at Marlins Park.

Prosecutors charged Tardón and his one-eyed brother Artemio of leading a transnational narcotics trafficking organization responsible for distributing over 7,500 kilograms of South American cocaine in Madrid, Spain.

The indictment also charged Tardón of purchasing real estate, expensive automobiles, and additional high-end items as a mean to launder over $14 million in illicit drug proceeds.

As a result, instead of living in a luxurious South Beach condo, Alvaro will now see out the rest of his days living in the close confines of a jail cell after he was sentenced to 150 years in prison.


Federal agents arrested López Tardón in 2011 after an extravagant shopping spree, which saw him spend a whopping $20 million dollars in illicit drug proceeds on 13 condominiums including pricey penthouses in South Beach and an astonishing seventeen exotic luxury vehicles.

The U.S. Marshalls Service generally hold two of these types of auctions every year, which requires bidders to pay $25,000 fee to submit bids online.

Officials say the proceeds help fund future concealed and hidden asset investigations.

Bids for a black 2006 Ferrari Enzo had reached $1.9 million by the end of the day, and a beautiful black Bugatti Veyron had received $900,000 before the auction closed, the Miami Herald reported.

“This is the highest we’ve ever had bid for one particular asset,” Apple Auctioneering representative Joshua Scully said of the sleek black Ferrari, which had received 105 bids — with the top almost doubling its asking price.


Officials said by the end of the event the first day of the event, 75 of the participants had bid more than $3.5 million. None of the bidders names were disclosed.

The U.S. Marshal for the Southern District of Florida, Amost Rojas Jr., said he hoped Tardón was watching his items sold from the comfortable confine of his jail cell.

“That’s what the criminal’s final goal is, to spend this kind of money, right now he’s sharing a cell and a steel bunk bed. I hope he’s sitting in his cell looking at this,” said Rojas.

The drug syndicate had set up a cocaine pipeline from Peru to distribution points in Madrid, Spain. Drug proceeds would then be transferred back to the U.S. either by wire transfer to several bank accounts under someone else name or by courier.


López Tardón and members of the criminal enterprise then used either shell companies or straw buyers to purchase extravagant items to launder the drug money.

In 2011, an international investigation involving U.S. and Spanish authorities had garnered enough evidence to charge Tardón and 16 of his co-conspirators.

A jury subsequently found the drug kingpin guilty after a seven-week trial, in which 36,000 pages of documents from Spain and the United States were submitted as evidence.

Additionally, Jurors heard testimony from representatives of the Spain’s tax authority, the country’s national wiretapping agency as well as investigators from the Spanish National Police.

As a result of his conviction, the judge handed López Tardón the maximum sentence. In contrast with his brother, who was prosecuted in Spain for the same charges and served only a year in prison.

Get the latest news from the world of crime