Florida Fraudster Scott Rothstein's Toys Up For Auction

by Deidre Woollard (RSS feed)
May 25th 2010 at 7:01AM

My colleague Carrie Coolidge has covered the sordid tale of Florida fraudster Scott Rothstein in depth. Rothstein's ill-gotten gains are headed to auction on June 3 at the Broward County Convention Center in Fort Lauderdale, Florida. VSE Corporation and Rick Levin & Associates, Inc. will conduct the auction of seized and forfeited luxury vehicles and vessels formerly owned by Scott Rothstein and others on behalf of the U.S. Department of the Treasury. 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. He entered a guilty plea in January 2010 and could face charges adding up to 100 years in prison at his upcoming sentencing.

The auction will include some very exotic vehicles for both land and sea including a 2008 Bugatti Veyron, 2009 Bentley Continental GTC, 2007 Rolls - Royce Phantom, 2010 Lamborghini LP-670SV, 2007 87' Warren Yacht, 1998 55' SeaRay Sundancer and many more. Proceeds from the auction will be placed in the U.S. Treasury's AssetForfeiture Fund and net proceeds from the Rothstein assets will be available as restitution to the victims of his crimes. Check out videos of some of the toys for sale including the Veyron and the Warren yacht at the Rick Levin & Associates website.

Tags: bugatti veyron, ponzi schemer, ponzi schemes, scott rothstein, warren yachts