GovernmentAuctions

1995 Rolls Royce Silver Spur IIIEver wanted to own a luxury car that's usually reserved for royalty and foreign dignitaries? Now you can get the chance at GovernmentAuctions.org. a beautiful 1995 Rolls Royce Silver Spur III now currently available for online auction courtesy of the U.S. Marshals. This handcrafted luxury vehicle comes standard with power windows, power windows, power seats, power door locks, power brakes, cruise control, air conditioning, leather seating, hardtop roof, AM/FM radio, CD changer in the trunk, factory brand stereo, alarm system, premium factory wheels, and just over 31k miles. The vehicle itself is in fantastic aesthetic condition both inside and out, but only requires a new battery in order to be up and running again. The current asking price for this Rolls Royce is just $23,500 with no bids as of yet. The car is currently being held in Las Vegas, and the auction will be ending in just a few short weeks so be sure to activate your 3-day free trial account now.

Friday, February 27, 2015

Texas Hedge Fund/Commodity Pool Manager Sentenced to 8+ Years In Federal Prison

On February 26, 2015, Kevin G. White of The Woodlands, Texas, was sentenced to 8+ years of prison resulting from a complaint filed by the U.S. Commodity Futures Trading Commission (CFTC) on July 9, 2013. A concurrent filing was made by the Securities and Exchange Commission (SEC).

The suit alleged that RFF GP, LLC, and KGW Capital Management, LLC, tricked investors into investing in Revelation Forex Fund, LP, a purported $7.4 million hedge fund/commodity pool scam in which he used $1.7 million for his own personal use.

White found investors through websites and presentations at trade shows. According to the order, "White fabricated Revelation’s performance and lied about his investment experience".  Aitan Goelman, the CFTC’s Director of Enforcement, cleary used this case to make a statement about CFTC's willingness to assign prison time to financial fraud cases. Goelman had this to say about the verdict in the announcement:
The sentence in this case should serve as a warning that those who willfully commit fraud in our markets face the very real possibility of a significant term of imprisonment. The CFTC will continue its vigilance in protecting commodities and derivatives investors from fraud and other forms of financial crime.
To read the full announcement click here.

GovernmentAuctions

Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.