Tags: APFN | EU | France | Seized Manuscripts

Paris: Rare Manuscripts to be Sold from Alleged Pyramid Scam

Image: Paris: Rare Manuscripts to be Sold from Alleged Pyramid Scam

Tuesday, 14 Nov 2017 12:38 PM

PARIS (AP) — Thousands of French investors are hoping to recover some of the money they lost in an alleged pyramid scheme when a collection of rare manuscripts goes up for auction starting next month.

The 130,000-piece collection is estimated to be worth a sum that could run eight or nine figures. It includes the original manuscript for "The 120 Days of Sodom," a scandalous novel by the Marquis de Sade, and a hand-written testimony by an American survivor of the Titanic.

A court seized the so-called Aristophil collection and ordered it to be sold off, a process expected to take years. Top lots for the first auction were displayed Tuesday.

Investigators suspect the items were acquired through a pyramid scheme in which works allegedly purchased by clients were resold to new investors.

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Thousands of French investors are hoping to recover some of the money they lost in an alleged pyramid scheme when a collection of rare manuscripts goes up for auction starting next month.The 130,000-piece collection is estimated to be worth a sum that could run eight or...
APFN,EU,France,Seized Manuscripts
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2017-38-14
Tuesday, 14 Nov 2017 12:38 PM
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