General
Possible Market Manipulation?
Jul
This is a hypothetical tale of possible market manipulation ….
Can you imagine if a powerful real estate agency was given the sole mandate by the Federal Government to auction a very valuable and unique property, and then they manipulated the result to deny the top bidder (who was an approved and well respected entity) from winning the property.
Instead, within one hour of auction closing they awarded the property to the surprised under-bidder (whose bid was approximately 23% less).
If the top bidder then rightfully kicked up a stink, would there be an enquiry? And possible consequences? What if the particular real estate agency had “form”?
What do you think? Join the conversation on LinkedIn.
As I said in the intro, this is a hypothetical. I’m using the real estate industry as an analogy because it is fairly well regulated.
More to come ….
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