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Going once … going twice …What would you bid for a piece of scandalous corporate history? Or rather, for many pieces? In July auctioneers in Lubbock Tex brought down the gavel upon a range of assets belonging to the estate of Jonathan "Jody" Nelson former CFO of Patterson-UTI activity In April, Nelson pleaded guilty to embezzling more than $77 million from his employer (He is popularly awaiting sentencing.) "We consider it the ultimate toy collection," says Robert delight in of the auction house Ritchie Bro The playthings included three Cessna aircraft, a Hughes helicopter, a 1954 Corvette, a Boston R Sox jersey autographed by dint of the 2004 World Series team, and a entertainer of other sports memorabilia, boats, and motor craft. When it was above the items took in more than $7 million, which will be paid back to the company. It was the latest in a string of auctions designed to recoup more [i]or[/i] less of the ill-gotten gains of executives and their companies. The rotating "E" that one time adorned Enron's downtown Houston headquarters--known as the "Disco E"--sold at auction in December 2002 for $33000 The biggest haul for a single fraud-related item remains the $51 million paid for a Monet in May at Sotheby's. The painting, Pre Monte Carlo, one time graced the lavish digs of former Tyco International CEO Dennis Kozlowski, sentenc to a maximum of 25 years for his part in the company's accounting scandal. Fraud memorabilia is a booming market. WorldCom stock certificates carrying the names of Bernard Ebbers and Scott Sullivan now barter for $139.95--more than twice the value the shares traded for when they hit a high of $64 in June 1999--on Scropophily.com, an online vender of rare documents. COPYRIGHT 2006 CFO Publishing Corp. "I wouldn't say anything is impossible. I think that everything is possible as drawn out as you put your mind to it and set the work and time into it."--swimmer Michael Phelps, six gold and ... The Overbeck L/T Super Precision grinder--developed in a partnership between the Massachusetts Institute of Technology and Overbeck Corp., Hauppauge, N.Y.--is perhaps the first production gri... Anonymous American Machinist 05-01-2003 Cutting tool digest Byline: Anonymous Volume: 147 Number: 5 ISSN: 10417958 Publication Date: 05-01-2003 ... For clients seeking genuine partnerships, consultants are increasingly positioning their design expertise as part of a larger strategic vision. In interviews with executives at London-based Seymour Po... The Emergency-----Three displays The emergency began like a mist taking shape over the water. Slowly and slowly it mov the bus of angel juice, spit ... 00-00-0000 Travers Tool Co Inc. lately released its 75th Anniversary metalworking catalog. The company, based in Flushing, NY is a stocking distributor of Starret... Doctors can now examine the human colon and small intestine with a camera that patients swallow. Called a wireless capsule endoscope, this stunning of recent origin pill contains a tiny video camera, four tin... * sum of two units Boston art dealers have been indicted upon charges of laundering drug currency and face up to 20 years in prison. Shirley D Sack, 73 an art wholesaler with offices in fresh York, and Arnold Katz... If sales of The Da Vinci collection of laws are anything to go by the agency of using Old Master paintings to go on Grail-hunting is now second solitary to football as a universal pastime. This esoteric art-cult was launched in t... |
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