GOVERNMENT & POLICE NEWS

DLCA Warns Consumers of Free Government Money Scams

Consumers are reminded to continue to be on the alert for scams circulating throughout the territory. Currently, there have been…

Audio Galleries

Gov. John deJongh Jr. offers News Years wishes, and thanks to the people of the Virgin Islands for the honor of electing him to serve as their governor.

 
Currently:Click for Saint John, Virgin Islands Forecast

Source Picks

CBCC Continues Efforts to Reduce Stormwater Sediment Reaching Coral Bay Using New Grant Funds

The Coral Bay Community Council (CBCC) has announced the receipt of a $67,000 grant from the National Fish and Wildlife Foundation (NFWF) Coral Reef Conservation Fund and its funding partner, the National Oceanic and Atmospheric Administration (NOAA).

READ ENTIRE ARTICLE
2015-01-30 15:34:20
Plaskett Invites Public to Ceremonial Swearing-In, Service of Blessing

Delegate to Congress Stacey Plaskett invites the public to a ceremonial swearing-in and reception set to begin at 10 a.m. on Monday, Feb. 2, at the District Courthouse in Estate Golden Rock, St. Croix.

READ ENTIRE ARTICLE
2015-01-30 15:21:19
Source Manager's Journal: Climate Change and the Future

Will the Congress, now under reactionary control, fund something to address a problem that some key members say does not exist?

READ ENTIRE ARTICLE
2015-01-30 08:33:50
Local news — St. John
CommentLog in or Register to CommentE-mailE-MAILPrintPRINT
Court Sells Off Prosser's Cutlery and Glassware

As former Vitelco owner Jeffrey Prosser's bitter, scandal-filled bankruptcy winds through its seventh year – court appointed trustees have sold off most of the houses, art, jewelry and wine – creditors recently auctioned the glassware and cutlery from his Palm Beach, Fla., mansion for $32,000.

Prosser entered bankruptcy in 2006 after creditors called in more than half a billion dollars in loans in response to learning Prosser had sold part of the loan collateral by improperly selling "preferred stock" in Vitelco's parent company.

In the years since, the court revoked many of Prosser's bankruptcy protections, ruling that he drained and hid company assets after declaring bankruptcy, in part by spending company money lavishly on personal jewelry, wine, art, silver, homes and home improvements. He and wife Dawn Prosser are currently facing nearly $1 million in related contempt of court sanctions. (See: Prossers Risk Jail Time For Not Paying Contempt Sanctions in Related Links below)

Silverware accounted for the overwhelming majority of the proceeds from the recent sale. Nearly half – $14,500 – came from a single flatware service set for 18. The flatware was gold-plated sterling silver from French manufacturer Puiforcat.

An Asprey and Garrard sterling silver flatware service, weighing 231 Troy Ounces of silver, fetched $7,500, and an Asprey and Garrard sterling silver tea service sold for $2,900, for a total of almost $24,000 in decorative dining utensils.

The remaining $6,000 or so came from the sale of Prosser's wine glasses. A set of 18 champagne "flute" glasses from Rosenthal sold for $810; another set of 18 Lalique crystal champagne glasses sold for $450. Sets of similarly expensive red wine, white wine, dessert wine, cordial glasses and water glasses make up the remainder.

The court appointed trustee for Prosser's personal estate engaged Auction America to hold the auction, which occurred June 21, according to court documents. Auction America also sold off Prosser's former wine collection on St. Croix, which, according to the court, was worth several hundred thousand dollars until the Prossers allowed hundreds of bottles to disappear and hundreds of other bottles to spoil from neglect. The wines sold for $15,739 at auction in May, roughly 3 percent of its estimated $491,000 value when first inventoried for Prosser's bankruptcy.

Read more stories in Local news»»