Topic: Credit Bidding

1 chapters across the catalog

The U.S. Trustee, Chris Murray, is accused of facilitating a fraudulent auction by allowing "credit bidding" based on future earnings rather than cash. Jones argues this violates the judge's original order and federal law. During a hearing in Houston, the Trustee reportedly admitted to the judge that he did not know the exact value of the winning bid, which Jones characterizes as bid rigging.