A California home belonging to the former marketing executive of Root who admitted to stealing $10.2 million from the auto insurer has been sold at auction for $1.5 million.
The federal court in Columbus ordered the sale of the 3,844-square-foot home that belonged to Brinson “BC” Silver, who pleaded guilty last month to charges of wire fraud and contempt of court.
As part of the plea, he agreed to pay restitution of more than $10.2 million.
The sale is part of the process of Root recovering the money that was stolen, according to Richard Kruse, president of Gryphon USA, the company that led the auction.
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