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Although firmly anchored in the South, the Rands are spread across the country.
CNN: The story
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The other two the only known 1959 model, and one from 1960 had been collected by the Rands.
FORBES: Rare Guitars Seized In Dallas Ponzi Scheme To Go Up For Auction
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Instead of drilling wells, however, the Rands bought real estate, boats, vehicles, an original Picasso, wine, jewelry, jade and musical instruments.
FORBES: Rare Guitars Seized In Dallas Ponzi Scheme To Go Up For Auction
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Whichever of the Rands was the guitar aficionado, he also collected a lefty 1959 Fender Stratocaster Hardtail and a lefty 1965 Strat Sunburst.
FORBES: Rare Guitars Seized In Dallas Ponzi Scheme To Go Up For Auction
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Federal prosecutors sent the Rands to the pen, but the U.S. Marshalls Service kept the loot, which is now being put up for auction to pay back victims.
FORBES: Rare Guitars Seized In Dallas Ponzi Scheme To Go Up For Auction
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Promises of riches were given to investors but the only ones getting rich were the Rands, who had discovered there was more money in raising money than there ever was in natural gas.
FORBES: Aspen Exploration Fraud - All In The Family