For Immediate Release
|August 01, 2018||
Office of Public Affairs (703) 740-1699;
Gaston & Sheehan Auctioneers, Inc. (512) 251-2780;
U.S. Marshals National Auction to
Include Fine Jewelry, Watches, Collectibles, Bullion
from Federal Court Cases Nationwide
Items for sale include collectible stock certificates registered to Bernard Madoff
Washington, D.C. - The U.S. Marshals are holding a live auction
with web simulcast near Austin, Texas, Friday and Saturday. More than
300 lots for sale from federal cases nationwide include fine jewelry and
watches, gold and silver coins and bullion, rare books, a Steinway
player piano, and collectible stock certificates registered in the name
of Bernard Madoff.
The auction will take place at the Austin Marriott North in Round Rock, Texas, starting at 2 p.m. Friday (CDT) and 10 a.m. Saturday (CDT). The online auction can be accessed via www.txauction.com. Previews of the auction items are scheduled for Friday starting at 10 a.m. (CDT) and Saturday starting at 9 a.m. (CDT). Bidders at the live auction must pay a $500 cash deposit. Online bidders must pay a $1,000 deposit by 5 p.m. (CDT) Thursday. Registration and pre-bidding are open now.
Of note, stock certificates registered in the name of Bernard Madoff, which have collectible value only, are being sold.
The U.S. Marshals consolidate pieces from cases nationwide and hold a large auction several times a year. Proceeds generated from the auctions are used to operate the program, compensate victims and support various law enforcement efforts.
The Department of Justice Asset Forfeiture Program is a key component of the federal government’s law enforcement efforts to combat major criminal activity by disrupting and dismantling illegal enterprises, depriving criminals of the proceeds of illegal activity, deterring crime and restoring property to victims. The U.S. Marshals Service plays a critical role in identifying and evaluating assets that represent the proceeds of crime as well as efficiently managing and selling assets seized and forfeited by DOJ.
Additional information about the U.S. Marshals Service can be found at http://www.usmarshals.gov.
America’s First Federal Law Enforcement Agency