An interesting auction on February 14th
This Valentine's day (tomorrow) Murphy Auctions is selling off the remnants of an
estate with an interesting bit of history.
The estate in question is that of a Mr. C. Wesley Rhodes, Jr. who in
September of 2006 was busted for running a Ponzi scam in the Pacific Northwest. He took in about $16M, paid out about $6.3M to his early investors and pocketed the rest.
The primary auction was held back in
September of 2007 -- the one tomorrow is just to mop up the residue -- furniture, etc...
There is even a Blog written by someone involved in the story (I am guessing an investor but the author doesn't make that clear.
Check out:
Life After Rhodes for the sordid details. The moke gets sentenced on this February 17th.
He wasn't in Maddof's league but he was a crook.
Posted by DaveH at February 13, 2009 8:48 PM