Topic: Cash Bid

The US Trustee is accused of allowing a "secret floating bid" that would automatically top any other offer using "monopoly money" (future earnings). While the group "First United" submitted a $3.5 million cash bid, the Trustee allegedly used his "business judgment" to favor the non-cash offer from The Onion. The Trustee reportedly admitted in court that he might have to "write a check" himself to make the math work.

Alex Jones provided a rebuttal to the ABC News interview, mocking the claim that The Onion had the "best bid" despite not having the highest cash offer. He argued that the legal definition of an auction does not allow for subjective "best" bids based on political concessions. Jones reiterated that he would never "graciously move away" or sell out his principles to his political opponents.

Alex Jones cites the Merriam-Webster definition of an "auction" to argue that the InfoWars sale was fraudulent because it was not sold to the highest bidder. He uses the term "fengazi" to describe the "air money" or credit bids used by the plaintiffs. Jones claims the U.S. Trustee admitted to the media that he gave the company to the families because he "liked them," rather than following bankruptcy law.