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Boom market for fraud memorabilia

Filed in archive corporate crime by leon on August 17, 2006

Boom market for fraud memorabilia
Psst, want to buy Ken Lay's Mercedes 600 SL?

At $25,000, it's an absolute steal. How appropriate is that? You can pick it up eBay.

Indeed, you can check out more of the Enron goodies, everything from derivative trading manuals to baseball caps, at eBay here.

Fancy an engraved stock certificate from WorldCom? A real bargain at $139.95 (down from $179.95) at scripophily.com.

Scripophily, an Internet seller of rare documents, historical stock certificates and other worthless pieces of paper, is cashing in on the boom in fraud memorabilia.

Whether it's a matter of recouping ill-gotten gains, or just picking up curios, people are paying big time.

For instance, the rotating "E" that once adorned Enron's houstonlinks headquarters has sold for $33,000. Yep, someone even paid $5.1 million for former Tyco chief Denis Kozlowski's Monet painting Pres Monte Carlo, reports CFO.com.






Permalink: Boom market for fraud memorabilia
Tags: fraud  memorabilia  Enron  WorldCom  corporate  business  memorabilia  fraud+memorabilia  boom+market  market 

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