Criminal Justice News

Wednesday, December 03, 2014

U.S. Marshals Holding National Jewelry Sale in San Antonio

Fine Jewelry, Watches, Diamonds, Coins and Bullion from Federal Crime Cases
Nationwide to be Sold via Live and Web Simulcast Auction

Washington – The U.S. Marshals Service is selling more than 300 lots of fine jewelry, watches, diamonds, coins and bullion from federal crime cases nationwide in a live and Web simulcast auction Friday at 10:00am CST at the San Antonio Convention Center (200 East Market Street, Room 217, San Antonio, TX 78205) and online at

A public preview will be held Thursday from 1 to 5 p.m. CST. Registration and pre-bidding are open now.

Some of the cases with assets being sold are as follows:

  •     Jerome Rabinowitz of Great Neck, New York, defrauded the Department of Defense by selling nonconforming parts for the Navy Nuclear Reactors Program, military aircraft and weapons systems for submarines: lot 299, Cartier 5-carat diamond ring with platinum and gold band, worth approximately $90,000
  •     Robert Feldman of Beach Haven, New Jersey, was part of a complex Ponzi scheme that defrauded investors of more than $275 million: lot 140, a platinum and diamond bracelet, worth approximately $90,000
  •     David Nicoll, of Mountain Lakes, New Jersey, defrauded Medicare and health insurance companies of more than $100 million by billing for unnecessary blood tests: lots 133-139, seven loose diamonds worth approximately $40,000-$100,000 each. (Proceeds will be returned to Medicare and insurance companies that were victims of the scheme.
  •     Alex Goldman, owner of House of Oxford, a cigar distribution company, evaded state excise taxes in the course of tobacco sales in a scheme involving 22 others: lots 5-6, 16, 20, 81, 82, 115, 116, 124-132, 165 and 183-185, jewelry and watches.

The U.S. Marshals Service consolidates pieces from cases nationwide and holds a large auction several times a year. Proceeds generated from the auctions are used to compensate victims of crimes and supplement law enforcement programs.

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