Rick Siskey son held party at mansion ahead of estate auction

The son of the late Rick Siskey, the Charlotte businessman accused of running a Ponzi scheme that cost investors millions, had a party at the family’s SouthPark home last weekend ahead of an estate auction this week, according to social media posts.

The auctioneers said they heard about the party after the fact but have determined no items were damaged. Previews of the auction items, which range from Bentley automobiles to a 5-carat diamond ring, are taking place this week at the Sharon Road home, which is also for sale. The auction is Thursday at the Charlotte Convention Center.

“As soon as we found out about it, we had people on the ground and did a property inspection,” Will Lilly, of Iron Horse Auction Co., told the Observer Monday. “It all seemed like we left it on Friday.”

The status of the Siskey possessions is important because proceeds of the auction are expected to benefit creditors, including investors in Siskey’s various funds. Investors who face potential losses include individuals who invested retirement money, life insurance proceeds and a trust for a disabled woman.

Lilly said he wasn’t sure if Rick Siskey’s widow, Diane, knew her son, Richard Siskey Jr., planned to hold a party. An attorney for Diane, Thomas Walker, could not be immediately reached.

Read the full article at the Original Source..

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