Mob hit man's jewels headed for auction

June 26, 2012 at 4:34 PM

CHICAGO, June 26 (UPI) -- A Texas auction house announced it is selling more than 250 items, including diamonds that once belonged to notorious Chicago mob hit man Frank Calabrese Sr.

Bob Sheehan, owner of the auction firm Gaston & Sheehan, said items including loose diamonds, gold necklaces, gold coins, expensive watches and other items will be auctioned on www.txauction.com July 10-24 to go toward paying the $4.4 million Calabrese, 75, owes the government in restitution and fines, the Chicago Sun-Times reported Tuesday.

Calabrese is behind bars for life after being convicted of crimes including 13 mob hits. The items were seized when federal officers raided his home in Oak Brook, Ill., two years ago.

"He's got lots of diamonds," Sheehan said.

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