There’s nothing quite as despicable as a ponzi scheme and the pathetic perpetrator behind it. High-profile Fort Lauderdale, FL attorney Scott Rothstein ran his ponzi scheme through his law firm and leeched innocent peoples’ money, buying himself an array of lavish things – perhaps most notably his incredible collection of luxury timepieces.

According to Perpetuelle, his collection is likely the largest to ever be seized by federal authorities in connection to a crime like this and, on Wednesday, July 13, Rothstein’s 262-piece haul is set to be auctioned off. At the start of the year, Rothstein pled guilty to five federal charges of racketeering, money laundering, and fraud for his immense $1.2 billion scheme and is now a convicted criminal facing 50 years in the slammer. His watch collection, worth tens of thousands of dollars apiece, will be sold to July 13’s highest bidder. Here’s a look at some of the pieces.

That famed Jimmy Choo-induced shoe lust is no longer just for the ladies. After a phenomenal run of dominating the fine footwear sector with its magnificently crafted and painfully gorgeous ladies shoes, Jimmy Choo is slated to debut their first men’s shoe collection – to be available exclusively from Jimmy Choo stores – for the Autumn/Winter 2011 season at the Milan Men’s Fashion Week.

The Ferretti Group has become synonymous with maritime excellence and continues to build upon their illustrious portfolio with the announcement of their latest craft, the Riva 63’ Virtus – also the largest open yacht produced by the revered shipyard to date. This latest venture also brings in other industry bigwigs Officina Italiana Design and Advanced Yacht Technology in collaboration with Centrol Stile Ferrettigroup’s architects and designers.

Patek Philippe has gained quite the loyal following as one of the world’s premiere time brands, and little else can shake a watch lover to the core more than one of their highly coveted pieces. Those with a vested interest in haute horology, Pateks in particular, absolutely need to pick up a copy of Patek Philippe in America: Marketing the World’s Foremost Watch.

Many vineyards have seen some concern this growing season as cool, late-season rain during blooming has led to grapes being shattered in the process or failing to develop properly. Workers have had their hands full with hedging and removing leaves and laterals from vines in order to counter the weather. This means that gross quantity of product is expected to be less than normal, but quality should be exceptional.

Fashionista music lovers, say hello to your new lust worthy piece of audiophilia. For the upcoming autumn and winter fashion season, Paris-based jewelry company and Lady Gaga favorite On Aura Tout Vu brings the latest set of blinged out headphones, which deliver both stellar sound and show-stopping sparkle. According to Born Rich, the headphones are celebrated for their playfulness, fantasy aspect, and have been designed with Swarovski-loving music mavens in mind.

In May, we told you about Hollywood power couple Ellen Degeneres and Portia de Rossi’s sprawling Beverly Hills estate for sale. The glamorous multi-residence plot went on sale then for millions less than they currently upped the price to – a hefty $63 million. While the price tag may shock some, it is worth noting that the 3-acre lot not only has an illustrious ownership history, but is also comprised of a 9,200 square foot main house, an additional full 3-bedroom house, as well as two guest houses/studios at approximately 15,000 square feet each.

Sorry, Kate, but there’s a new princess we’ve got our eyes on at the moment… as well as her new watch. South African Olympic swimmer Charlene Wittstock became Charlene Princess of Monaco last Friday and, in celebration, the principality’s independent luxe watch brand Ateliers deMonaco created its inaugural ladies watch, La Sirene. The glitzy stunner apparently received official approval from the new princess and her husband, Prince Albert II, who also got a custom blue Lexus LS 600h L Landaulet for his big day.

Ferrari auctioned off a Ferrari FF and other branded items in Japan this past weekend to raise funds for victims of the nation’s recent earthquake and tsunami disasters. Over 200 clients and collectors were in attendance to support the cause and raised more than $724,000 in relief funds. While most of the money came from the sale of the FF – the first Ferrari FF to hit Japan – the iconic Italian auto brand also auctioned shirts signed by the Scuderia Ferrari Marlboro Formula 1 team.