A 1922 Rolls-Royce Silver Ghost with an interesting criminal history changed hands for $83k at auction recently. The previous owner was a bit on the shady side, a criminal dubbed “Mr. Moneybags.
The 1922 Rolls-Royce Silver Ghost is pictured above. The car along with most of the other ill-gotten gains possessed by Mr. Moneybags will be sold in efforts to reimburse those he wronged. Flashy criminals typically get busted by drawing so much attention to themselves.
Mr. Moneybags is Michael Swann, who purchased the classic Rolls Royce after relieving the Otago District Health Board of $16.8 million dollars. Rather than flying under the radar with his stolen funds, Moneybags opted to show out with flashy cars, properties and a lavish lifestyle. Needless to say, it eventually raised red flags and Swann was arrested, leaving his goods and toys to be auctioned off in efforts for those he wronged to recover some of their losses. Swann was sentenced back in March of 2009, and his hidden assets leaked out in a stream.