Feds to auction Ponzi Schemer Scott Rothstein cars

David Walker, LeaseTrader.com — Mon, 26 Apr 2010 15:34:03 GMT

Scott Rothstein was sent to jail in January for running a Ponzi scheme that bilked clients an estimated $1.2 billion. That money bought Rothstein a lot of very nice cars, and now they can be yours.

The cars are hitting the auction block June 3 at the Broward County Convention Center in Floriday, with previews on May 10, 26, 27 and June 2. Some of the cars up for auction are below:

Personally, we'd take the Lamborghini LP-670 SV.

2008 Bugatti Veyron
2009 Bentley Continental GTC
2007 Rolls-Royce Phantom
2009 Ferrari 430 Spyder
1967 Corvette convertible
2007 Ford Expedition limousine (ed note: What?)
2008 Cadillac Escalade
2008 Mercedes-Benz SLR
2009 Maserati GranTurismo
2010 Lamborghini LP-670 SV

Proceeds will be held by the government to benefit the victims of Rothstein's investment fraud scheme.

Source: [ USAToday.com ]

TREASURY - LUXURY VEHICLE & VESSEL AUCTION

Ft Lauderdale, FL
------
For Immediate Release
U.S. Department of the Treasury Seized & Forfeited General Property Program

LUXURY VEHICLE / VESSEL SPECIALTY AUCTION

(Chicago, IL) VSE Corporation and Rick Levin & Associates, Inc. will conduct a Specialty Auction of seized and forfeited luxury vehicles and vessels formerly owned by Scott Rothstein and others.

The auction will be conducted on behalf of the U.S. Department of the Treasury at 11:00 a.m. on Thursday, June 3, 2010 at Broward County Convention Center, 1950 Eisenhower Blvd., Ft. Lauderdale, FL, 33316.

Most of these luxury vehicles and vessels for auction were property acquired by Rothstein through his involvement in a ponzi scheme. This property was seized from him as part of the investigation and prosecution of the case against him. Scott Rothstein entered a guilty plea in January 2010 and faces up 100 years in prison at his May 6 sentencing.

The auction will include the following vehicles and vessels:

Vehicles:
2008 Bugatti Veyron
2009 Bentley Continental GTC
2007 Rolls – Royce Phantom
2009 Ferrari 430 Spyder
1967 Corvette Convertible
2007 Ford Expedition Limo
2008 Cadillac Escalade
2008 Mercedes - Benz SLR
2009 Maserati GT
2010 Lamborghini LP-670SV

Vessels/Water Craft:
2007 87’ Warren Yacht
2005 33’ Riva Aquariva Super
1998 55’ SeaRay Sundancer
2006 Nor-Tech Supercat
Yamaha Jet Ski’s