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Auction set for office furnishings from alleged Utah Ponzi scheme

Published October 2, 2012 12:54 pm

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

An auction is set next week for the furnishings of a 25,000-square-foot office building in Fountain Green used in what allegedly was a giant Ponzi scheme.

On Oct. 9, Erkelens & Olson auctioneers will put up for bid items from the Management Solutions Inc. building on Main Street in Fountain Green in central Utah.

Auctioneer Rob Olson said the furnishings probably are less than 2 years old, "gorgeous and, in my opinion, could go in any office." The items include full-sized Chinese figurines and perhaps 50 mounted animals.

They will be available for viewing from 10 a.m. to 4 p.m. Monday, with the auction the next day at 10 a.m. at the Management Solutions building.

Photographs and other information are available at salesandauction.com.

The Securities and Exchange Commission has alleged in a lawsuit that the real estate investment company defrauded investors who put in at least $200 million.