Cincinnati Pays $16K for Stolen Porsche

Cincinnati’s city government just paid $15,870 to a guy who bought a stolen Porsche at auction — a wild legal twist that turned a $35K purchase into a $16K headache. The 2014 Panamera, bought in 2021, was flagged as stolen from Atlanta, forcing Gowda to pay $10K to the insurer who’d already paid out the original owner. The city initially refused to refund him, citing no contract — but his lawyer argued that accepting his bid created one. After a year-long battle, the settlement closed the book on his lawsuit, exposing how even official auctions can hide dangerous loopholes. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/49c593b68d8d44e6