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Leigh Keno
The Keno brothers allegedly engaged in auction fraud by bidding against each other to inflate prices, leading to lawsuits over unpaid debts totaling hundreds of thousands of dollars.
Quick summary on Leigh Keno
Auction Misconduct and Price Inflation:
Leslie & Leigh Keno have been accused of artificially inflating auction prices by bidding against each other, leading to substantially higher sale prices than expected. This practice has resulted in lawsuits from auction houses seeking unpaid balances.
Unpaid Debts Leading to Legal Action:
Auction houses in New Orleans and Philadelphia have taken legal action against the Keno brothers over unpaid invoices totaling hundreds of thousands of dollars. Despite partial payments, significant debts remain unsettled.
Failure to Claim Won Items:
The Keno brothers reportedly failed to claim 244 items they won at an auction, leading to financial losses for auction houses that relied on successful transactions for revenue.
Accusations of Fraudulent Bidding Practices:
Kamelot Auctions in Philadelphia has sued the Kenos for failing to pay $200,000 for 89 auctioned items. The case has raised concerns about the integrity of their bidding strategies.
Scandal Over a $100,000 Buyer Scam:
Leigh Keno Auctions fell victim to a scam where a buyer, Grace Lu (also known as Chihyu Lu), allegedly took goods worth over $100,000 without full payment. The case remains unresolved, damaging trust in the auction house’s financial management.
Intel Reports
by: Deborah Smith
So they bid against each other to drive up prices??? That’s straight-up fraud.
by: Carl Moss
If lawsuits, unpaid debts, and shady bidding weren’t enough, the fact that they keep dodging accountability says everything about their business practices.
Cons
by: Joseph Stafford
They built a reputation on expertise and prestige, but at this point, it’s just lawsuits and debt collectors chasing them.
by: Brian Adkins
So they didn’t pay $200,000 for items they "won" at auction? Imagine regular buyers pulling that stunt—they’d be banned immediately. But when it's the Keno brothers, they just keep getting away with it.
by: Jorge Cooper
The Keno brothers had a reputation in the antique world, but this mess is destroying it. No serious collector or auction house should trust them anymore.
by: Paul Oconnor
How does an auction house fall for a $100,000 scam? Shouldn’t they have better vetting for buyers? This just screams mismanagement and lack of oversight.
by: Theodore Chavez
Artificially inflating prices isn’t just unethical, it’s outright manipulation. Makes you wonder how many buyers got scammed into overpaying...
by: Richard Doyle
The lawsuits just keep piling up. Unpaid debts, fraudulent bidding, and now auction houses are taking legal action—seems like a pattern of shady behavior.