Quote:
Originally Posted by G1911
Let’s use some common sense. When in all of history in any jurisdiction has an insurance company demanded a fake fraudulent auction be run in order to value a claim? This is not how it works. No real insurance company is going to do that. It’s ludicrous. If you want to defend lying to hundreds or thousands of customers to run a fake auction, get a more realistic reason to justify it.
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We're simply at an impasse at this idea. A number of people, including those closer to the situation than either of us have suggested insurance, counsel or even law enforcement influenced the decision to continue the auction.
"Running the auction, which I am sure was done at the advice of both counsel and insurance, to establish value is certainly the best path with the least damage given the crappy situation that’s nobody’s fault. There is no winning answer under these circumstances. It sucks, millions $$ of cards got stolen and ML is on the hook. No bueno all around"
If this was an independent decision made by ML with no outside influence than I disagree with that decision. That being said I simply can't imagine that being the case.