In the District, six firms took turns winning tax liens on properties worth $540 million. The odds that their irregular bidding pattern was a coincidence?
An AACG team of economists led by Dr. Daniel Levy performed analyses to determine how often bidders deviated from their expected bidding. They found that six tax lien companies stood out for winning liens in patterns that did not appear random. The patterns, found from 2005 to 2007, did not appear in subsequent years.
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