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.

Thursday, February 19, 2015

SEC Charges VCAP Securities & Brett Thomas Graham With CDO Fraud

Feb. 19, 2015 —The SEC charged VCAP Securities, an NYC based brokerage firm, and its CEO Brett Thomas Graham with fraud by deceiving investors in an auction to liquidate collateralized debt obligations (CDOs). The charge alleges that VCAP arranged for a broker-dealer to secretly bid at the auctions that it was prohibited from. VCAP was forbidden to bid on the CDO's it auctioned while serving as a CDO liquidation agent. VCAP had access to confidential bidding information that allowed them to win bids at prices only slightly higher than other bidders.

The firm and CEO have agreed to pay approximately $1.5 million to settle charges.

Here's a quote from Michael J. Osnato, Chief of the SEC Enforcement Division’s Complex Financial Instruments Unit:

Graham abused a position of trust by playing the roles of both conductor and bidder during CDO liquidation auctions to the detriment of other participants. The settlement requires Graham and VCAP to give up fees they obtained while conducting these unfair liquidations that landed certain bonds in their fund manager’s portfolio.
To read the order in full 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.