The receiver itself had lent Argyle $3.5 million in 2003, of which $2.6 million remained unpaid. The proceeds of the sale were to be used to pay the receiver, the SEC and other creditors.
The antiques dealer accused of conspiring with Olins, Henry Neville, was also charged with bank fraud and obstructing justice in May of this year. He has pleaded guilty, but has not been sentenced, according to court records.
Neville was director of New York operations for antiques dealing company Mallett Inc from 2006 until some time last year. He is no longer listed on Mallett's website, and an employee of the company declined to comment on Friday.
SpaciaLight went out of business in February 2011 after filing for bankruptcy and being liquidated.
The case is USA v. Olins, U.S. District Court, Southern District of New York, No. 15-cr-00861.