Ithaca auctioneer ordered to pay nearly $250,000 in restitution, fines

An Ithaca-based auction house has been ordered to pay nearly $250,000 in restitution and fines after the state Attorney General’s Office obtained a judgment for failing to pay consignment fees to customers.

The judgment means Finger Lakes Estate and Auction, and owner Charles Dorsey must pay $237,739 in full consumer restitution for profits from sales of consigned items that were never paid, as well as $12,000 in civil penalties. The auction house also must retain a trustee to handle all of the money from future auction sales to ensure that the proceeds go to the consigning consumers.

The Ithaca Journal

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