What Ponzi schemes giveth, the Federal government taketh away.
While his taste in cars may have been sublime, it appears his judgment when it came to right and wrong has cost Byron Keith Brown 15 years in prison for his involvement in a pyramid scheme that cost online investors upwards of $17 million.
Given he’s going to be away for a while, it really doesn’t make sense for his amazing car collection to just sit. So the U.S. Treasury Department is giving enthusiasts an opportunity to acquire Brown’s magnificent stable of cars at auction. As we alluded to before, Brown is a guy that really knows cars and his collection included the creme de la creme of mid-decade six-figure performance and luxury cars.
Seized as part of the investigation by the IRS was Brown’s 2007 Lamborghini Murcielago Roadster; a 2005 Rolls Royce Phantom Saloon; a 2004 Maybach 57; an 2006 Aston Martin DB9; a 2008 Maserati Gran Turismo Coupe; a Jaguar XKR Coupe; and various Ferraris, Bentleys, Audis, and even a 2005 Volkswagen New Beetle Convertible.The auction will be conducted on behalf of the U.S. Department of the Treasury at 1 p.m. on Tuesday, March 1, at Manheim Auctions’ Baltimore-Washington location, 7120 Dorsey Run Road, Elkridge, Md. The vehicles will be available for preview on Monday, February 28, from 1 p.m. until 4 p.m.
A detailed list and photographs of the vehicles, as well as the Auction Terms of Sale, can be found at U.S. Treasury Website.
Proceeds from the auction will be used to provide restitution to Brown’s victims.