Chapter 17 - Purchasing The Historic Family Estate At Bankruptcy Auction
Six months later, a public bankruptcy auction was held on the front lawn of the massive suburban mansion Jessica had once owned.
Dozens of wealthy real estate investors and local socialites gathered under a large white tent to bid on the foreclosed estate.
Patricia’s legal team had hoped the auction proceeds would cover her millions in federal court fines and lessen her prison sentence.
The auctioneer raised his wooden gavel, calling out for opening bids on the multi-million-dollar property starting at one million dollars.
Silence fell across the crowd as no local investor wanted to touch a property linked to such a massive national fraud scandal.
Jessica stood in the back row of the tent, dressed in a sleek suit, calmly raising her paddle: "One hundred dollars."
The auctioneer gasped, looking around the room for any counter-bids, but not a single person raised their paddle against Vance Capital.
"Going once, going twice... sold to Jessica Vance for one hundred dollars!" the auctioneer shouted, slamming his gavel down hard.
Jessica smiled quietly, signing the deed transfer papers before handing the keys over to a local charity representative standing beside her.
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She donated the mansion to a non-profit organization that provided housing for women recovering from abusive domestic situations.
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