Items seized from convicted con-man auctioned off - ABC6 - Providence, RI and New Bedford, MA News, Weather

Items seized from convicted con-man auctioned off

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Dee DeQuattro

A Renoir painting and a custom sports car that were seized from convicted con-artist Rocco DeSimone were among items auctioned off by the U.S. Marshals Service in order to pay back people scammed by DeSimone.

The auction raised $740,000 which will go to the victims of a scam that federal prosecutors that was orchestrated by DeSimone. During the trial federal prosecutors said DeSimone convinced a number of investors to invest over $6 million in cash, property, and forgiven debt by falsely representing that three inventions, the Drink Stik, Disk Shield, and Song Tube, were going to be sold.

Prosecutors say he used the investor's money to fund his own lofty lifestyle and was not trying to sell the inventions.

He was sentenced to 192 months in federal prison after he was convicted of seven counts of mail fraud and one count of money laundering.

(C) WLNE-TV 2013

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