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A.G.'s office to auction sports memorabilia

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MURRAY — The Utah Attorney General's Office will auction off a South Jordan man's sports memorabilia in an effort to repay victims of the man's fraud scheme.

The auction of assets will run from 10 a.m. to 4 p.m. July 9 at 5272 S. College Drive (500 West).

Darin Layne Kracl, 41, was convicted in October of one count of securities fraud, a second-degree felony, for taking $6.7 million from some of his investors, according to the attorney general's office.

Kracl owned Advanced Trading Solutions LLC in Draper, but prosecutors say he was never licensed to trade securities.

Prosecutors say Kracl claimed he had made as much as 200 percent profit in one month and averaged 47.5 percent profit each month by trading dollars and pounds on the foreign exchange. But instead of investing his clients' money, Kracl spent millions on sports memorabilia, cars and even a minor league baseball team, according to the attorney general's office.

Third District Judge Randall Skanchy sentenced Kracl to serve 90 days in jail and then begin paying restitution, according to court records. The attorney general's office said victims have recovered approximately $2 million, but the judge has ordered Kracl to repay the remaining $4.7 million in restitution. Kracl must initially pay $500 a month and eventually $2,500 a month, court records indicate.

Some of the items in the sealed-bid auction include a baseball autographed by Babe Ruth, a bat signed by Willie Mays and a jersey signed by Michael Jordan. There will also be sports memorabilia signed by Hank Aaron, Mark McGuire, Jose Canseco, Bo Jackson, Johnny Bench, Pete Rose, Ken Griffey Jr. and Sammy Sosa. Other items include exercise equipment, a Brunswick game table, a painting and a Harley Davidson motorcycle.

"This auction is a chance for Utahns to own a part of sports history and help make some fraud victims whole at the same time," said Attorney General Mark Shurtleff.

— Ethan Thomas