An alleged fraudster CEO's car collection just auctioned for $44 million — see the 15 priciest rides, including a $3 million Ferrari and a $1 million Toyota

The Elkhart Collection.Teddy Pieper © 2019, courtesy of RM Sotheby's

• A former CEO's gigantic collection of nearly 300 vehicles was sold off after he was accused of a multimillion-dollar fraud scheme.
• After declaring bankruptcy, the executive, Najeeb Khan, was court-ordered to part ways with his massive collection to pay off more than $100 million in liabilities.
• The array of cars, motorcycles, trucks, and memorabilia raked in more than $44 million at auction on October 23 and 24.
• Eight of the vehicles — including a Ferrari, a Lamborghini, and a Mercedes-Benz 300 SL — sold for north of $1 million.

A former payroll-processing CEO was accused of defrauding clients out of more than $100 million last year. Since then, he's resigned from his company and filed for bankruptcy — over the weekend, his staggering collection of nearly 300 vehicles was sold off to pay his mountain of debt.

Najeeb Khan — who founded and ran Indiana-based payroll firm Interlogic Outsourcing Inc. — amassed a $98 million fortune and a car collection to rival Jay Leno's before his alleged fraud scheme came crashing down, according to documents reviewed by The South Bend Tribune. As Khan declared bankruptcy in the wake of the accusations, a judge ordered that his collection of 281 vehicles be sold off to chip away at his $126 million in liabilities, the outlet reported.

On October 23 and 24, RM Sotheby's auctioned off the vast stash of cars, trucks, motorcycles, and memorabilia, bringing in a total of $44,385,420 in sales.

Not only was the collection massive, it also included some extraordinarily valuable and historically significant cars — take a look at the top 15 priciest vehicles sold below.