Flashpoint Bloodstock will host an online auction of 70 Thoroughbreds as part of a dispersal ordered by a U.S. District Court Appointed Receiver in relation to the case of Commodities Futures Trading Commission v. Rust Rare Coin, Inc. The horses, based predominately in New Mexico, will sell without reserve and include Grade III-winning stallion Finale (Scat Daddy) and Getinthereonetime (Bertrando), a half-sister to champion Shared Belief who sells in foal to Honor Code.
The auction will begin Feb. 22 and conclude Feb. 25. The on-line catalogue is available at SportHorseAuctions.com/us-district-court-auction.
State and federal regulators have alleged that Gaylen Dean Rust, founder of Rust Rare Coin, has “engaged in a massive scheme to defraud” investors in his Silver Pool investments since 2008.
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