The only other bidder was First United American Companies, which runs a website using Jones’ name to sell his supplements. The company reportedly placed a $3.5 million bid that, based on cash alone, would have won the secret auction. First United’s attorney reportedly told the judge on Thursday that the trustee changed the auction process days before, omitting a final round on Wednesday that would have given the parties a chance to outbid each other.
The trustee only chose from the sealed bids submitted last week. However, he said his decision followed Judge Lopez’s auction rules in September, describing the final round as optional.
Lopez struck a disapproving tone in court, throwing the sale into question. “We’re all going to an evidentiary hearing, and I’m going to figure out exactly what happened,” the judge reportedly said. “No one should feel comfortable with the results of this auction.”