November 22nd, 2017

Paris: Rare manuscripts to be sold from alleged pyramid scam


By The Associated Press on November 14, 2017.

PARIS – 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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