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San Antonio oil man Brian Alfaro’s property hits the auction block - black and silver gas grill

by:Longzhao BBQ     2020-05-20
San Antonio oil man Brian Alfaro’s property hits the auction block  -  black and silver gas grill
Brian K, an oil and gas entrepreneur in San Antonio, who is in trouble.
Personal property of Alfaro
From expensive Swiss watches to motorcycles
In the auction.
On Tuesday afternoon, a bankruptcy judge approved the sale of some of Alfaro's property.
The company was detained in order to satisfy the $8 million court decision obtained by investors he allegedly defrauded.
Sports memorabilia, including signed basketball and jerseys, were auctioned on Tuesday night, just hours after the judge approved the sale of orders. Other properties-
Including 16 watches, three motorcycles and a Ducati motorcycle
Will Vogt auction gallery in San Antonio.
Online bidding has already started.
Gabe Echeverry, director of luxury homes at Vogt, said the total retail price of the 16 watches was about $350,000, but it is expected that they will bring about half of the price at the auction.
"This is indeed one of the largest collections of contemporary Swiss watches, and it is definitely listed in this way," says Echeverry . ".
"All their receipts are very complete.
It was impressive to see them enter the market at once.
"I have been doing this for 14 years and I have never seen this watch from one person," he added . ".
The most valuable in the collection may be platinum Rolex Day-
He said the new price for the next day was about $65,000. In November, U. S.
The bailiff raided the Shavano Park estate in Alfaro and confiscated assets in a court verdict of 2017 won by nine investors.
Investors sued Alfaro and his company, accused him of running a Ponzi scam and used their money to support luxurious lifestyles, including multiple families and luxury cars.
Six of his lawyers have not defended investors. day trial.
The investor's lawsuit resulted in Alfaro being sued in November for eight mail fraud allegations of alleged misuse of investor funds.
He pleaded not guilty.
His trial is scheduled for August. 26.
Despite Alfaro's appeal to the judgment of the bankruptcy court, he agreed to waive any claim for the property currently being auctioned.
When he was contacted by email on Wednesday, he did not comment on the sales order.
In a court document dated November, Alfaro stated that the property seized included approximately 250 pieces of jewelry;
106 pairs of shoes;
More than 50 pieces of tableware;
Nearly 50 suits, sports coats and trousers;
And 22 sunglasses.
A court exhibition listing personal property shows two 2014 Spurs champion rings.
Still, echefrie says they are worthless.
Alfaro says one of the Rings is a replica given to fans.
Some more runningof-the-
Factory assets have been sold, says Echeverry.
"Alfaros has a very, very interesting combination.
End, and very, very low. end (property).
Really no-
He said.
"They don't have art, they don't have beautiful clothes, they don't have something like that," he added . ".
"Cars and jewelry are the most extreme at this point.
"Bacher Scott Rose also owns other personal property owned by Alfaro's wife.
However, under an order signed by the United States, Ross agreed not to sell the property at the time the judgment was appealedS.
Judge of the bankruptcy case, Craig Gargotta.
The property consists of women's watches and jewelry.
The order for the agreement also includes real estate owned by Alfaros or related entities, including Alfaro's $985,000 Aransas Port residence.
The order states that Rose will not redeem or sell the property until the judgment becomes final.
"The receiver is continuing to meet his appointment obligations," said Ross's lawyer, Stephen Calhoun . ".
No other comments from Calhoun.
Gargotta's order showed that more than 200 items were seized but later identified as exempt from seizure, including children's bicycles, beds and other furniture.
Alfaro argued in a court document that the United States
The seizure of the US bailiff is beyond the scope of the enforcement order because it includes property belonging to his wife and children.
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