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August 29, 2007

UPDATE: Corrupt CEO's Trains Sold

Remember the story of the CEO that ran LeNature's into bankruptcy and used company funds to purchase more than $1 million in O Gauge trains?  Well, the bankruptcy court sold the trains to Joe Grzyboski, Jr owner of Grzyboski's Trains in Scranton PA.  Mr. Grzyboski out bid Scott Griggs, owner of (an OGW sponsor) with a bid of $680,000.  Bidding started at $595,000 and continued in $5,000 increments.  Afterward, Mr. Griggs stated his limit was $675,000.  Read the entire story from the Pittsburgh Tribune Review here.

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