Interesting connections In Kentucky Property Tax Lien Market

                                     A  JPMorgan Chase & Co. subsidiary is among at least three companies being investigated as part of a U.S. Justice Department antitrust probe of bidding at municipal tax-lien auctions in New Jersey. Idea was simple, creating multiple entities and outbid the market. Collusion is illegal because it's main purpose is to deceive regulatory bodies to believe that they are dealing separate entities but instead all the profits are channeled to the same umbrella entity in the end of the day. It is an illusion of competative markets to the outsider.
                                  Since market is very lucrative, collusion is a very tempting route for experienced attorneys. Third party tax lien buyers needs to declare if they are related to a previously registered buyer.

                            An interesting relationship exists between Lexington Kentucky based Kentucky Tax Lien Fund LLC and Florida based American Tax Funding LLC. KTLF was registered by the law firm attorney Scott Budnick of WYATT, TARRANT & COMBS and Mr. Bradford Cowgill, a lexington attorney, was listed as the organizer. WYATT, TARRANT & COMBS is also the same lawfirm who is in charge of collection efforts of "American Tax Funding LLC.", another tax lien buyer. All this can be a conspiracy theory coming out of my simple mind. It will be very interesting to find that who is funding KTLF and Mr. Bradford Cowgill.