The U.S. Treasury is holding another auction of scamster Scott Rothstein’s stuff to raise money for the victims of his $1.2 billion Ponzi scheme, The Washington Post reports.
It’s not the first time Rothstein’s possessions have been sold off; there was a federal auction that included his 85-foot yacht last year, and his office furniture was sold off after his law firm filed for bankruptcy.
This time, the stockpile includes two Corvettes, a Mercedes-Benz SL550, and tons of jewelry and sports memorabilia.
There are also dozens of timepieces.
From watch blog Hodinkee:
Like most of these guys that think owning hundreds of watches is a cool thing, there is a lot of crap in this collection. But, for every Locman (seriously, he owned more than one) there is an Urwerk 103 (seriously, he owned more than one). There are a few decent Rolexes including one Paul Newman Daytona, some nice APs and Pateks, and then a whole bunch of diamond covered tourbillons and the like.
Rothstein, who was known for his extravagant spending habits, was sentenced to 50 years in a federal prison last year for perpetrating a massive scheme using fake legal settlements.
The auction is scheduled for July 13 in Fort Lauderdale.
White gold and diamond lapel pins bearing the initials of Rothstein's now-defunct law firm, Rothstein, Rosenfeldt and Adler
Business Insider Emails & Alerts
Site highlights each day to your inbox.