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by Mike Caswell

New York prosecutors have won a court order over the sale of two Florida condominiums belonging to Ronald Hardy, a jailed New York boiler room manager. Prosecutors said that Mr. Hardy, 48, was part of a scheme that touted a handful of thinly traded stocks, including former Canadian Securities Exchange listing Intelligent Content Enterprises Inc. The scheme resulted in seniors and others losing at least $14.6-million. (All figures are in U.S. dollars.)

With most of the defendants now in jail, prosecutors have been tidying up remaining matters in the case, with one of those matters being the sale of Mr. Hardy's assets. To that end, the judge handed down an order on Thursday, May 18, granting the government possession of two condominiums in Sarasota, a waterfront Florida city that is about one hour south of Tampa.

The two condos appear to be somewhat modest, at least by stock promoter standards. Real estate advertising describes other units in the same buildings as being about 1,200 square feet and as having three bedrooms. The complex does have some amenities, such as a pool, an exercise room and tennis courts. It is also a 10-minute drive from Siesta Key and its large, sandy beaches.

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