Insurance regulators will be auctioning off on eBay four pieces of jewelry that were recovered in connection with the Martin Frankel insurance fraud case.

The auction, announced by Mississippi Insurance Commissioner George Dale, began Oct. 22 and will last seven days.

In 1999, Martin Frankel defrauded seven life insurance companies of more than $200 million through the theft of investment assets. The jewelry was purchased by one of Mr. Frankel's co-conspirators who worked out of Mr. Frankel's Greenwich, Conn., mansion.

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