The auction will take place on Sunday, March 7th, at 3 p.m. at the Belvedere Hotel, 319 West 48th Street.
The jewelry being auctioned off by the New York County District Attorney's Office is comprised of forfeited items from two cases.
In the first case, David Holzer pleaded guilty to Grand Larceny in the First Degree in 2009 after stealing more than $16 million from friends and acquaintances by claiming he would invest the funds on their behalf. Instead, he and his wife used the money to fund a lavish lifestyle. He was sentenced to 5 to 15 years in prison.
The second case involved Richard Garaventa, pleaded guilty to Grand Larceny in the First Degree in 2009 for writing $ 2.5 million in checks from Morgan Stanley and depositing them into a bogus fund for himself. He was sentenced to 2 to 6 years in prison, and restitution.
All proceeds from the sale of jewelry forfeited by David Holzer and by Richard Garaventa will go toward restitution for their victims.
Auction Details:
When: Sunday, March 7 – 3 p.m.
Where: Belvedere Hotel, 319 West 48th Street.
Public Viewing:
Saturday March 6, 11am - 8pm
Sunday March 7, 11am - 2:30pm
or by appointment prior to public viewing: 212 489 6553
LINK: www.jewelry-time.com.
