An auction of drug kingpin Michael Hays' farm equipment brought in an estimated $274,000, according to the U.S. Attorney's office in Lexington.
Farmer's Bank of Danville has liens on some of the equipment, and so the government let the bank handle the auction. There were 42 pieces of equipment and a horse trailer auctioned on Saturday. The most expensive item was a John Deere 7410 tractor with a loader and 1,260 hours use. It brought $48,750.
Hays pleaded guilty to federal drug charges, and has been sentenced to 12 years in prison.
After its liens and auction costs are deducted, the bank will file a final distribution in federal court.
Hays and his family also forfeited 10 properties in Gravel Switch area, a total of 787 acres. Once a final order has been issued from the court the property will be listed and sold by a local real estate agent.