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 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.

Saturday, February 28, 2015

SEC Halts $5.3 million Twitter/Uber Ponzi Scheme

On Feb. 27, 2015 the Securities and Exchange Commission (SEC) charged Gregory W. Gray Jr. and his firms Archipel Capital LLC and BIM Management LP with fraud for operating a Ponzi scheme.

Gray and his firms would solicit money for a fund investing in pre-IPO shares of Twitter (NYSE: TWTR). The shares were to be delivered to investors once the company went public. Gray raised $5.3 million, but only purchased a fraction of the shares he was supposed to purchase with the funds. He then appeased investors with funds from other unrelated funds to make up for the shortfall.

The complaint was filed in the Southern District of New York, the location of an investor which gave Gray $5 million to  purchase shares of Uber Technologies, however, Gray fabricated a stock purchase agreement to convince the investor that shares of Uber were being purchased in his name when in actuality they were being used to pay back investors in Twitter.

Andrew M. Calamari, Director of the SEC’s New York Regional Office had this to say about the announcement:
Gray sold investors on a seemingly great idea to acquire pre-IPO shares of high-profile companies like Twitter and Uber at a low price.  But rather than come clean when he failed to invest as promised, Gray stole from investors to cover his misdeeds.
To read the original announcement click here.

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.