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, April 16, 2015

Michael J. Oppenheim, Ex-JPMorgan Chase Private Banker, Accused Of Stealing $20 Million From Customers

The Securities and Exchange Commission (SEC) just announced charges against Michael J. Oppenheim, a New York City-based financial adviser. Oppenheim, who lives in Livingston, NJ, is accused of stealing “at least $20 million” from customers said an announcement from the SEC. The SEC claims Oppenheim, a private client adviser of $90 million in assets, managed over 500 clients.

According to a WSJ article, 48 year old Oppenheim was an employee of JPMorgan. Before working with JPMorgan he worked with Chase Investments and Merrill Lynch. Here's what JPMorgan had to say about the charges:
We are sorry and angry this happened. We always stand by our customers and will ensure no customer who had their money stolen will lose any funds related to this.
Oppenheim supposedly persuaded customers to invest funds in secure municipal bonds while using the funds to invest in Tesla, Apple, Google and Netflix. The funds were not deposited in a legitimate account, but rather in his account or in another account in his wife's name. He is also accused of fabricating statements to support the fraud.

“We allege that Oppenheim promised his customers that he would invest their money in safe and secure investments, but he seized their funds and aggressively played the stock market in his own accounts,” said Amelia A. Cottrell, in a statement. Cottrell is Associate Director of the SEC’s New York Regional Office.

The SEC is seeking disgorgement as well as disbarment. Oppenheim's wife is also named in the suit for the purpose of recovering funds for harmed investors.
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.