If you like art by Chagall, Matisse, Picasso or Toulouse-Lautrec the US Marshals have an online deal for you

US Marshals office auctioning art from Ponzi schemer, fraudster and tax cheat

“Green Bird,” by Marc Chagall
The U.S. Marshals Service today said it will hold  online auctions to sell 245 works of art by Chagall, Matisse, Picasso, Toulouse-Lautrec and other old masters as well as pieces by more recent famous artists between now and July 7.

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Starting auction prices for the art range widely, from and $68,000 for  Christ Presented to the People, Rembrandt Van Rijn (1606-1669) and $21,250  for Christ Appearing to the Apostles, Rembrandt Van Rijn (1606-1669) to $55 for The Flight into Egypt (Four of Four), Jermann Van Swanevelt (or van Suanevelt c.1600-1655.  For a complete list, go here.

The Marshals got the art from a number of settled federal court cases  and proceeds generated from the auctions will be used to compensate the victims of the cases.

According to the Marshals three of the cases involved Marc Dreier out of the Southern District of New York. Dreier, 62, was convicted in 2009 for fraud and money laundering $400 million and is serving time in a Minnesota federal prison with a release date scheduled in 2026. Another case involved Justin French, 41, of Richmond, Va., who was convicted in 2011 for stealing millions from federal and state tax credit programs intended to rehabilitate historic buildings. He is incarcerated at a federal prison in West Virginia, with a scheduled release date in 2025. 

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And finally, Shawn Merriman, 49, of Aurora, Colo., was convicted in 2010 for a mail fraud Ponzi scheme that defrauded 67 investors of millions of dollars. He is serving time in a federal prison in South Dakota with a scheduled release date in 2020.

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