Auction Alliance Scandal
Robin Hood to the rescue!
A whole lot has been written about Rael Levitt the embattled CEO of now disgraced company Auction Alliance. The whole scandal erupted after a complaint was lodged by billionaire businesswoman Wendy Appelbaum with the Consumer Complaints commission. Stories have appeared in both the mainstream and financial press. Levitt stepped down as CEO which has added further fuel to the fires that are raging around both the auction industries and financial and legal professions. It seems that this would be a battle of Goliath versus Goliath and would not have any impact on the man in the street. Not so however.
It’s a veritable can of worms that has left many people all the way down this particular food chain feeling very uncomfortable and nervous. Who wouldn’t be with SARS and various other bodies all rallying around to uncover the truth? It’s the stuff of good gangster movies and who knows, perhaps a movie in the making. Most people would simply shrug and walk away because they feel they have no recourse against this issue and trying to get their story heard let alone justice being served.