About $2 million worth of furniture and decorations is being liquidated from Stanford Financial Group’s Miami office, enough to fill 24 truckloads.
The company selling the merchandise said the Stanford name adds “panache” to the sale, according to a media report.
Although the haul is much smaller from Stanford’s Tupelo office, the interest in what is up for sale is still high.
In fact, said Dennis Meyer, president of Office Liquidators and its affiliate Web site, officeliquidators.com, said he had planned to ship two truckloads worth of leather chairs, mahogany desks, paintings, office equipment and other items back to his Lakewood, Colo., warehouse.
“But we had enough local interest that we’re sending just one truck back,” he said.
Williams Transport and Storage in Tupelo was contracted to deliver the merchandise to the local groups, and the company also is helping load the rest of the goods today for shipment to Colorado.
Four businesses, a charity and a former Stanford employee are among the local buyers, Meyer said.
Last week, Meyer was in the two-story office taking an inventory of the office, which he described as “extremely well-appointed.”
The items should be on the company’s Web site in a few days, Meyer said.
The location also housed offices for two of the three Stanford executives charged by the Securities and Exchange Commission of orchestrating a multibillion-dollar Ponzi scheme – Chief Financial Officer James Davis and Chief Investment Officer Laura Pendergest-Holt.
Both also are Baldwyn natives.
Stanford head R. Allen Stanford and his top lieutenants are accused of bilking investors of some $8 billion involving supposedly high-yield certificates of deposit. The trio face civil charges.
In addition, Pendergest-Holt is the only one so far facing criminal charges, accused of hindering a federal investigation.
Contact Dennis Seid at (662) 678-1578 or firstname.lastname@example.org.
Dennis Seid/NEMS Daily Journal