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U.S. Marshals Holding National Jewelry Sale

SMS SECURITY INC (909) 307-1007
SMS SECURITY INC (909) 307-1007
U.S. Marshals Holding National Jewelry Sale
Solid 24-Karat Gold Nuts and Bolts, Gold and Silver Bullion and Coins, Diamonds, Fine Jewelry and Watches from Federal Crime Cases Nationwide to be Sold via Live and Web Simulcast Auction

Washington – The U.S. Marshals Service is selling nearly 300 lots of gold and silver bullion and coins, diamonds, fine jewelry and watches from federal crime cases nationwide in a live and Web simulcast auction Saturday at 12:15 p.m. CST at the Fort Worth Convention Center, Texas, and online atwww.txauction.com

A public preview will be held Saturday from 8:30 a.m. to noon CST at the Fort Worth Convention Center, 1201 Houston St., Room 204A, Fort Worth, TX 76102. Registration and pre-bidding are open now.

One item of note is lot 5, 23 pieces of 24-karat gold nuts, bolts and other hardware, painted black or silver as a disguise, from a drug case in New Jersey. Weighing just over four pounds (1,818 grams), the starting bid is $54,060.

Some other cases with assets being sold are as follows:

  • Philip Wooten, former Army staff sergeant stationed at Fort Bragg, N.C., stole $210,000 in government funds while deployed in Afghanistan, lot 211, diamond ring set with a starting bid of $29,750
  • Jean Joseph Ibrahim, former chief financial officer of Trustin Technology in Irvine, Calif., embezzled $15 million from the company, 12 bars of gold bullion (1 kilo each), lots 76, 77, 101, 102, 126, 127, 151-156, worth approximately $500,000 total
  • Drug-related cases out of northern Texas: gold pellets, lot 264; silver bar, lot 270; and gold bar, lot 271

The U.S. Marshals Service consolidates pieces from cases nationwide and holds a large auction several times a year. Proceeds generated from the auctions are used to compensate victims of crimes and supplement law enforcement programs.


From l to r: Scrap 24-karat gold in hardware form, lot 5; a silver bar from a Texas drug case, lot 270. 


From l to r: A ring set from an embezzlement case, lot 211; a gold bar from an embezzlement case, lot 101; gold pellets from a drug-related case, lot 264. 


From l to r: Items from drug-related cases include a Breitling Bentley Motors watch, lot 44, and two Rolex watches, lots 179 and 237.

For information on the auction, including a catalog, pictures, registration and terms and conditions, go towww.txauction.com.

For information on the criminal cases in this news release: 
Wooten: www.justice.gov/usao/nce/press/2011/2011-dec-13.html  
Ibrahim: http://1.usa.gov/1bJvweY  

The U.S. Marshals Service is responsible for managing and selling seized and forfeited properties acquired by federal criminals through illegal activities. Proceeds generated from asset sales are used to compensate victims, supplement funding for law enforcement initiatives and support community programs. As part of the Department of Justice’s Asset Forfeiture Program, the Marshals currently manage more than 22,000 assets with a value of $2 billion.

Additional information about the U.S. Marshals Service can be found at http://www.usmarshals.gov.

Alek J Hidell February 21, 2014 at 06:55 PM
the proceeds should go to taxpayers, who fund the US Marshals. It's not theirs to keep. See? This is why we call them pigs.

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