Posts Tagged ‘ Scott Rothstein ’

Raymond Lee Jewelers: Rothstein Auction a Go-Go! (…and a pretty grey logo.)

Raymond Lee Jewelers:

Rothstein Auction A Go-Go

Video Capturing the Rothstein Auction Festivities: http://youtu.be/mi8VF6EfbzA

Lee Josephson, Raymond Lee Jewelers VP, Offers a Philosophical Perspective on the Rothstein Auction during an interview with WPTV News, Channel 7:

http://bit.ly/LeeJosephsonWPTV

 Reporter Paul Brinkmann has been continuously publishing updates, following today’s

Scott Rothstein auction action. Once again, South Florida Business Report features Raymond Lee Jewelers. 

Right on, Mr. Brinkmann!

Lee Josephson of Raymond Lee Jewelers in Boca Raton bids on a Patek Philippe yellow gold watch, but dropped out after a while.   “Lee Josephson of Raymond Lee Jewelers in Boca Raton bids on a Patek Philippe yellow gold watch, but dropped out after a while.”

‘Rothstein Mercedes fetches $73,500, Piaget watch $77,500’
 South FL Business Journal Report by Paul Brinkmann

«to full article

Ultimately, the auction was a great experience and lots of excitement surrounding the event certainly stirred things up as lines began to form of South Florida jewelry professionals, collectors and victims of Scott Rothstein’s massive ponzi scheme looking for vengeance, in any form.

A variety of interpretations surrounding the auction have published since this morning. Certain sources are elaborating on the fact that so many pieces were paid above retail value for. Other views within the local press maintained a collectors perspective, pointing out that some items can become collectibles because of the stories tied to them… This, I tend to agree with, even if the story is not all that pretty.

  • For more information about selling your designer handbag, shoes and more, visit the following link:

http://raymondleejewelersblog.com/2011/07/01/feature-friday-a-chanel-surprise-coming-your-way/)

Rothstein Auction Acquired Piaget Watch

Although Josephson won less bids than he hoped, he says there’s a serious lesson here.

“It shows how ridiculous someone is when money is no object. I’m blown away by how many watches Rothstein owned, he has more than most stores have in stock. I hope the people who got burned are reimbursed,” says Josephson

WPTV Channel 5  reported on the days events at the

Rothstein ‘ponzi auction’,

as well as the

WSVN Channel 7 Miami/Fort Lauderdale News.

—————————————————————————————————————————– 

Enjoy Some Highlights From Today’s Leading Press Outlets...

And…

Ponzi schemer Scott Rothstein may be serving time, but his white gold Piaget watch sold for $77,500 on Wednesday.

Think that’s a lot? Around 1 p.m., a new auction high was set on a limited edition Concord watch for $100,000. There was also a white gold Franck Muller watch that fetched $47,500 and a Patek Phillippe watch that went for $61,000.

Crowds Gathered Early at the Scott Rothstein Auction

Rothstein Auction Preview: Raymond Lee Jewelers In The News

As we reported to you yesterday, Raymond Lee Jewelers will be attending the high-profile South Florida auction of Scott Rothstein remains.  Diamond, jewelry and luxury watch collection remains, that is.  The US Treasury Auction of Seized and Forfeited Property, under the management of Rick Levin & Associates, Inc., will be held at the Broward County Convention Center in Fort Lauderdale, FL. The auction will officially begin at 9 a.m. on July 13, 2011.

Following yesterdays ‘Rapid Reporting’ of the Scott W. Rothstein auction preview, Raymond Lee Jewelers was highlighted by Forbes.com and the South Florida Business Journal as the leading forefront of attending jewelry industry professionals.

pbrinkmann@bizjournals.com | (954) 949-7562 On Twitter: @SoFlaBrinkmann

Photo Credit: Mark Freerks/ "Lee Josephson of Raymond Lee Jewelers examines a watch up for auction."

Jewelers are among the early crowd previewing the watches, jewelry and cars that make up the latest auction of Ponzi schemer Scott Rothstein’s ill-gotten booty. There are 203 watches, including such brands as Piaget and Rolex; a 2009 Mercedes-Benz, a 2008 Corvette and a 2009 Corvette Z06.

Read Full Article ‘Jewelers turn out for

Rothstein auction preview’ South Florida Business Journal

Forbes.com: ‘Jewelers turn out for Rothstein auction preview’

More information on auction items available at Rick Levin & Associates, Inc.

Scott Rothstein Auction Preview: ‘Rapid Reporting’ Hot off the Auction Block via ‘Raymond Lee Jewelers’

‘Rapid Reporting’

Raymond Lee Jewelers has become an active participant in the Scott W. Rothstein estate auction, taking place on July 13, 2011 at the Broward County Convention Center in Fort Lauderdale, FL.

Raymond Lee Jewelers Arrival: Scott Rothstein Auction Preview

And Now… A Raymond Lee Jewelers ‘Rapid Reporting‘: Scott W. Rothstein Auction PREVIEW!

Raymond Lee Jewelers President,  Jeff Josephson, had been contacted by the Sun Sentinel shortly before this initial post, on behalf of Rick Levin & Associates, whose professional brokerage firm has been handling estate auctions for over 20 years.  Josephson was contacted by the request of Mr. Levin, who wisely refrained from venturing a guess as to what the estimated value of key pieces of jewelry included in the Scott Rothstein auction block might be.

The Sun Sentinel reporter covering this intriguing ponzi scheme plot discussed with Mr. Josephson a few key pieces of this high-profile auction. Of those pieces, a woman’s fancy yellow 12-carat diamond ring, platinum diamond bracelet with 41 emerald-cut diamond and a 10 carat heart-shaped diamond pendant necklace were all given a general assessment. The fancy yellow diamond ring was estimated to be worth nearly a quarter of a million dollars, comparative to the cost of a “couple of Ferraris.”

These items, amongst a vast collection of designer watches and luxurious cigar accessories will be up for auction come July 13, 2011.

“With the Scott W. Rothstein Auction scheduled to take place at the Broward County Convention Center on July 13, 2011,                      featuring key items that sparked the interest of Raymond Lee Jewelers immediately, we will have at least one representative                    present, eager to purchase the glistening remnants of Rothstein’s estate.”  June 10, 2011

Channel 4 News: On The Scene!

Scott Rothstein Auction Preview

Raymond Lee Jewelers: 'Rapid Reporting' Scott Rothstein Auction Preview

Steven Caputi Pleads Guilty, Keeping the Rothstein Story Interesting

As if the towering inferno of controversy surrounding the Scott Rothstein ponzi scheme and upcoming estate auction needed incite, Stephen Caputi certainly secured the flames on June 15, 2011. Caputi plead guilty to one count of conspiracy to commit wire fraud in relation to the Rothstein ponzi scheme in a Fort Lauderdale court.

The public display of regret by Caputi was a magnet for media attention, which gained momentum throughout the day on Wednesday. An additional Rothstein ponzi scheme guilty plea added fuel to the media fire, as Howard Kusnick plead guilty to the same charge as Caputi in West Palm Beach.

Caputi is a South Florida resident and night club manager. He had been close friends with Scott Rothstein for nearly 20 years before his admitted involvement the ponzi scheme began, involvement for which Stephen Caputi plead guilty to before U.S. District Judge William Zloch in Fort Lauderdale, FL yesterday.

Stephen Caputi

Image Credit: Carey Wagner, Sun Sentinel

Stephen Caputi faces up to five years in prison when sentenced on August 24th. Though he originally plead not guilty to the charges, Caputi expressed a deep regret to Judge Zloch in the admittance of the role he had played in the investment scam.

Literally.

Caputi admitted to having posed as a banker and as  a plaintiff as part of the grand scale ponzi scam. Scott Rothstein, along with the help of friends like Caputi, would ultimately sell investors interest in a non-existent legal group, who he’d presented as a successful legal firm dealing with sexual-harassment and whistle-blower lawsuits.

Continue reading on Examiner.com Stephen Caputi Pleads Guilty in Rothstein Scheme – West Palm Beach artists | Examiner.com http://www.examiner.com/artists-in-west-palm-beach/stephen-caputi-pleads-guilty-rothstein-scheme#ixzz1PZCMkZ00

Scott Rothstein’s World Class Jewelry and Watch Collection to be Sold at Auction

Place Your Bids, South Florida!

One of the most anticipated auctions in South Florida history will take place in Fort Lauderdale this Summer. A world class collection of diamond encrusted jewelry and luxury watches from the estate of high-profile ponzi schemer, Scott Rothstein is scheduled to be auctioned off to registered bidders on July 13th at The Broward County Convention Center.

Florida‘s largest ponzi scam in history yielded over $1.2 Billion for the now dis-barred Fort Lauderdale Attorney, Scott Rothstein. The upcoming July Auction will be the 2nd massive auction of Scott Rothstein’s estate. In 2010, many of the convicted felons big-ticket items were sold at auction, raising a total of $5.8 million to begin repaying his most affected investors.

Of the valuables remaining in Rothstein’s estate are a world-class collection of diamond adorned jewelry and a vast inventory of the most treasured luxury watches in history. Large diamonds, rubies, sapphires and over 200 luxury watches of high-end designers such as Rolex, Patek Philippe, Franck Muller, Gerald Genta and Richard Mille are all included in the auction block.

These items will all going to be made available to the public on July 13, 2011. The auction of Scott Rothstein’s Estate will be held at the Broward County Convention Center in Fort Lauderdale, FL. Other pieces will include jeweled accessories that Scott collected for his cherishes cigar collection, two late-model Corvettes and an 09′ Mercedes SL 550 coupe.

In order to avoid a harmful mistake in judgment by venturing for himself what the jewelry belonging to Rothstein’s Estate may be worth, Rick Levin had the Sun Sentinel contact Jeff Josephson, President of Raymond Lee Jewelers in Boca Raton.

The following are initial assessments given by Jeff Josephson, President of Raymond Lee Jewelers, when presented with the star jewelry pieces that are to be sold at the July 13 auction:

A woman’s platinum diamond bracelet with 41 emerald-cut diamonds weighing a total of nearly 24 carats:
“Gorgeous, high quality, beautifully made. Thirty grand for that.”
A white and yellow gold necklace featuring a 10-carat, heart-shaped diamond:
“Probably worth $85,000.”
A woman’s fancy-yellow, 12-carat diamond ring:
“That is probably a quarter of a million dollars. — Enough money for a couple of Ferrari’s.”

“It is all good stuff,” Jeff Josephson concluded of the pieces. “I think that I want to go to that auction.”

Josephson will, in fact, be attending the auction come July. It is a fair assumption that a large number of attendees from those closely invested or intrigued by the jewelry industry in South Florida will be present at the Broward County Convention Center on July 13, 2011, eager to see for themselves one of the most impressive timepiece collections in history.

Read Full Story Here…

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