Third Auction Sells Stanford Items from Saint Croix
Monday, Oct 8, 2012 | Updated 11:00 AM CDT
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Texas billionaire R. Allen Stanford is chairman of the troubled Stanford Financial Group.
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Buyers perused tables of guns and jewelry and peeked at antiques during the third and final court-ordered auction of billionaire R. Allen Stanford's belongings over the weekend.
Stanford is serving a 110-year prison sentence for defrauding investors out of more than $7 billion. The proceeds from Saturday's auction in northeastern Houston are going toward those he swindled in the Ponzi scheme.
Also up for auction was a Tiffany diamond appraised at $65,000.
The previous auctions generated about $267,000, though there was no immediate word on Saturday's haul.
Copyright Associated Press / NBC 5 Dallas-Fort Worth
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