Mastro Auctions Investigated for Shill Bidding

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Posted By: Jeff Lichtman

Jay, I'm sure Bill and Doug are swell guys but in our America we've had people at the highest levels lie to our faces - what makes you think it's impossible for Mastro to be involved in this? I'm a defense lawyer so I'm the last person to believe any allegations by law enforcement or prosecutorial bodies; however, an investigation is going on with sources that have claimed fraud is aftoot. Until proven otherwise, I won't put a bid in a Mastro auction except for the next highest bid, one at a time. No more maximum bids. It's just the prudent thing to do.