Indian-American embezzlers auction nets 1.2 million

Indian-American embezzlers auction nets 1.2 million

"This is just the start. On March 24, the other items will be sold off as well online. Everything from belts, personal items, bags, shoes, clothing, and some of the larger items that they didn't want to have shipped over here," Gary Enos, an official involved with the auction, said.

Sachdeva, 47, was jailed for 11 years for embezzling USD 34 million from headphone maker Koss Corporation where she worked as a top executive.

According to the US Marshals Service spokesman Adam Sugar, jewels and watches once belonging to former executive Sue Sachdeva fetched about USD 1.2 million.

Sachdeva was convicted of embezzling USD 34 million from the company - and using the money to pay for lavish shopping sprees.

The money made from the items will go back to the Koss corporation. The highest ticket items were a 7-carat diamond ring that went for USD 59,000 and a Rolex watch that sold for USD 46,000, Sugar said.

The loot is part of what the former Koss Corp. vice president of finance bought with USD 34 million she embezzled from the company.
Bidders who are interested in clothing, purses, shoes or art will need to bid online on Thursday.