U.S. Department of the Treasury Seized & Forfeited General Property Program

CHICAGO, April 22 /PRNewswire/ -- VSE Corporation and Rick Levin & Associates, Inc. will conduct a Specialty Auction of seized and forfeited luxury vehicles and vessels formerly owned by Scott Rothstein and others.

The auction will be conducted on behalf of the U.S. Department of the Treasury at 11:00 a.m. on Thursday, June 3, 2010 at Broward County Convention Center, 1950 Eisenhower Blvd., Ft. Lauderdale, FL, 33316.

Most of these luxury vehicles and vessels for auction were property acquired by Rothstein through his involvement in a ponzi scheme.  This property was seized from him as part of the investigation and prosecution of the case against him.  Scott Rothstein entered a guilty plea in January 2010 and faces up to 100 years in prison at his May 6 sentencing.

The auction will include the following vehicles and vessels:

Proceeds from the auction will be placed in the U.S. Treasury's Asset Forfeiture Fund.  The proceeds derived from the Rothstein assets will be available as restitution to the victims of Scott Rothstein's crimes.

The general public may preview the vehicles at the Secure-All of Florida, 1240 N.W. 74th Street in Miami, Florida on Monday, May 10th from 9:00 a.m. until 3:00 p.m., Wednesday, May 26th & Thursday, May 27th from 9:00 a.m. until 3:00 p.m., and Wednesday, June 2 from 9:00 a.m. until noon.  Many of the vehicles may also be viewed at 9:00 a.m. on June 3 (Broward County Convention Center) prior to the auction's start.

Vessels and water craft may be previewed at National Liquidators, 1915 Southwest 21st Avenue in Ft. Lauderdale, Florida on Tuesday, May 11th from 9:30 a.m. until 3:30 p.m., Thursday, May 27th from 9:00 a.m. until 3:30, and Wednesday, June 2 from 9:30 a.m. until 3:30 p.m.

A media day will be held on May 26th from 9 a.m. - noon at Secure-All of Florida.

Registration will begin at 9 a.m. on the day of the sale at the Broward County Convention Center, Exhibit Hall D.  Bidders are required to have a cashier's check deposit in order to register to bid.

For a list of items and photographs of the vehicles and vessels, and for Auction Terms of Sale, please visit the U.S. Treasury website at www.treas.gov/auctions/treasury/gp.

A video of the items for sale and auction details are available at www.ricklevin.com.  For more information about this auction please call Rick Levin & Associates, Inc. at 773-252-4500.

SOURCE Rick Levin & Associates, Inc.