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Berkshire Hathaway Part II
Acquired
The Treasury's Bidding Rules Aren't the Same as They Used to Be
Moser submitted fake bids on behalf of clients for the treasury auctions. His goal was to essentially corner the market in this auction, win all of the auction and put the squeeze on other participants. It's illegal to bid on behalf of your clients who are not placing orders. He made an incermental four million dollars in profit. All this for four million dollars.
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