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Charlotte Area

Estate Of Rick Siskey, Who Ran Charlotte Ponzi Scheme, Goes To Auction

The estate of Richard Siskey went to auction Thursday. The late Charlotte businessman committed suicide in his prominent South Park mansion last December days after the FBI concluded he was running a Ponzi scheme. 

The items for sale include 22 pieces of fine jewelry, a 5.07 carat diamond, 11 luxury automobiles (modern and classic), 46 guitars (39 of them signed), 238 pieces of furniture, 14 paintings, 32 sculptures, a baby grand piano, and hundreds of lamps, urns, and other curios.

Credit Nick de la Canal / WFAE-FM
The Southpark mansion at the corner of Sharon Road and Sharon Lane where Rick Siskey and his family lived.

The items are currently tagged and resting inside the prominent brick mansion set behind a sprawling green lawn at the corner of Sharon Road and Sharon Lane. It's where Charlotte businessman Rick Siskey killed himself after the FBI determined he was taking money from his investors and using it to gamble at casinos or buy his wife expensive jewelry.

Thursday's auction is being run by two auction houses which have teamed up to handle the estate. Those are Iron Horse Auctions and Leland Little Auctions, which is a WFAE underwriter.

The proceeds from Thursday's sales will go toward repaying Siskey's investors and creditors - some of whom were elderly and had little experience with or knowledge of investing. An estimated $40-50 million is owed.