NY-AG v. New York City Government

New York City Government allegedly fraudulently inflated the price of thousands of yellow taxicab medallions and profited from it over a 14-year period; according to NY-AG, between 2004 and 2017, the New York City Taxi and Limousine Commission (TLC) marketed the licenses for thousands of taxi medallions to purchasers as investments and conducted auctions of these medallions in a manner which artificially inflated prices by hundreds of millions of dollars.

Summary generated from official New York Attorney General press release