Thread: What if the Auction House goes belly-up?
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Old 01-29-2004, 07:59 AM
Cal Metal Cal Metal is offline
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Jamo, Snakeeyes and Chaplin:

Since you three are brothers of the Bar, are there any state laws that make it a criminal offense to commingle the funds of a purchaser (the Coy's situation) and use them as assets in settling creditors claims in a bankruptcy. This seems, on the surface, as a willing intent by those parties to defraud, IMHO.

I guess my question is, if the auction house takes the funds and spends the money to settle claims, are there criminal sanctions that can be levied against those individuals working as prinicpals for the auction house?
Last edited by Cal Metal; 01-29-2004 at 09:52 AM..
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