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Recoleta Apartment Linked to Juárez Cartel Sells for $600,000 in Court-Ordered Auction

A court-ordered forfeiture reached the market through the judiciary's new public e-auction portal.

Overview

  • The second-floor unit at Av. Alvear 1845/53 totals 178.16 m² with four rooms, a front balcony and a garage.
  • Seven registered bidders on Banco Ciudad’s online platform lifted the price from a $322,000 base to a $600,000 final offer.
  • Judicial records tie the property to Italian national Elio Stecca, identified as an alleged frontman for the Juárez Cartel.
  • The asset stems from a money-laundering case opened in 1999, with 2016 sentences by Tribunal Oral Federal N°6 ordering forfeiture and administration by the Comisión Mixta.
  • Further seized real estate in La Matanza, Avellaneda and Balvanera, plus a 2018 Toyota Etios, are queued for upcoming electronic judicial auctions.