Connecticut Attorney General Richard Blumenthal says he is contemplating suits against brokers and insurers over bid-rigging and steering business to favored insurers against the interest of buyers.
The main accusations against him related to the initial bids for the Rajasthan and Punjab team franchises and alleged bid-rigging for two new franchises that will start next year.
In some depressed real estate markets, it is rumored that this second-auction scheme has become a cottage industry where folks earn a living by simply joining bid-rigging groups, which they often reference as partnerships or clubs.