Business

The late Rick Siskey’s SouthPark mansion is up for sale

The late Rick Siskey’s SouthPark mansion has been listed for sale with an asking price of $5.5 million.
The late Rick Siskey’s SouthPark mansion has been listed for sale with an asking price of $5.5 million. rrothacker@charlotteobserver.com

The SouthPark mansion of the late Rick Siskey, who has been accused of running a Ponzi scheme that cost investors millions, has been listed for sale, according to the web site of real estate firm Dickens Mitchener.

The asking price is $5.5 million, nearly $3 million more than the $2.8 million Siskey and his wife, Diane, paid in 1999. The 6,000-square-foot home on Sharon Road has six bedrooms, five full bathrooms and four half baths.

The web site includes photos of ornate rooms, a stocked wine cellar, a pool, multiple garages and a “man cave” with a home theater and pool table.

Rick Siskey, 58, took his own life in December, days after court filings gave the first public indication that he was under investigation for fraud. An FBI affidavit unsealed in January alleged he was operating a Ponzi scheme for years.

Four Siskey companies – TSI Holdings, WSC Holdings, SouthPark Partners and Sharon Road Properties – have since been pushed into federal bankruptcy court in Charlotte, and filings show that more than 100 investors have submitted claims exceeding $49 million.

Diane Siskey has pledged to set aside $37.5 million of the $47 million in life insurance proceeds from her husband’s death for investors. But attorneys for investors have said that might not be enough. The bankruptcy court trustee, attorney Joseph Grier, had previously indicated that Diane planned to sell the family’s home.

“The sale of the home is being done in cooperation with the trustee,” Thomas Walker, Diane’s attorney, said on Tuesday. “Diane’s intent is to use proceeds as additional funds to help repay investors.”

After moving to Charlotte in 1985 with his wife, Siskey quickly became a prominent financial planner and insurance salesman in Charlotte. The Siskey YMCA in Matthews is named for the family.

Barbara Kovalev worries daughter's money gone in alleged Ponzi scheme

Rick Rothacker: 704-358-5170, @rickrothacker

  Comments