US Fidelis Property Auction Begins This Weekend

Brian Kelly

WENTZVILLE, MO (KMOX)-Some of the property, jewelry, tools and expensive toys accumulated by the former owners of bankrupt auto warranty sales firm US Fidelis go on the auction block beginning this weekend.

Creditors’ Committee Attorney David Warfield tells KMOX that the items going to the highest bidders include, “A number of cars, motorcycles, four-wheel vehicles, go-carts, pinball machines, full gym equipment,  just more stuff than you can shake a stick at.”

Warfield says that among the cars is one of only 240 Mustang Saleens produced in 2005, a 1969 Dodge Super Bee that he says there’s evidence Cory Atkinson spent $80,000 restoring and an electric car.

Other items available include gym equipment, an indoor basketball court, 34 flat-screen TV’s, tools, landscaping equipment, woodworking equipment. There’s also jewelry which will be auctioned off April 3.

Warfield says the sales are among the final steps in raising  funds to pay creditors of US Fidelis and the Atkinsons.  Several homes and other properties have already been sold. Still to be sold is a home in the Cayman Islands and two pieces of undeveloped property: 10 acres near the GM Plant and three acres in Flint Hill.

The auction’s at the former US Fidelis headquarters, at the old Belz Outlet Mall.

It begins at 10 am both this Saturday and Saturday April 2.  It will open at 1 pm on April 3.

You can preview the items Friday from 1 to 4 or at :

Copyright KMOX Radio

  • Rear Parking Sensors

    An auction of 144 acres of St. Charles County farm of the brothers who once owned by U.S. Fidel has raised $ 1.1 million., the Web site of the St. Louis Post-Dispatch, said the money raised at Saturday’s auction in time to help pay creditors.

    U.S. Fidelis was once one of the largest auto dealers nationwide warranty service. In March, the company Wentzville, Missouri-based filed for bankruptcy amid allegations of illegal tactics used by telemarketing and sale of worthless securities.

    In October, a federal bankruptcy judge approved an agreement calling for the former owners and Cory Atkinson Daraina pay about $ 10.5 million and, possibly, delivering $ 10 million in assets.

    No criminal charges have been filed, but the investigation continues.

  • Carolyn Tyler

    I want my $2,0000 plus returned to me from the sale for the fradulent vehicle service contract sold to me. I was not notified of the bankruptcy and should have been since I was a paid up contract holder. I knew something was wrong when they denied a claim and you read the co0ntract. there are so many exclusions there is no need to have such a vehicle service contract. All U S Fidelis insured me for was the fact that I continued to pay them good money for nothing.

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