On August 22, 23, and 24, the James G. Murphy Company conducted an auction of Znetix, whose founder allegedly defrauded investors out of $91 million, making it one of the largest stock fraud cases in Washington State history. Instead of designing an integrated medical & fitness program with computerized health equipment, the founder bought luxury cars, jewelry, homes, and more. Nearly 2000 bidders attended the 3-day event, which received extensive media coverage prior to and including each auction day. On the first day, the Znetix offices were filled to overflowing with bidders eager to obtain computers, office furniture, and the estimated $1 million in fine art. Prices on items sold were very high. For example, some laptop computers sold for more than retail. On the second day of the auction items included the Znetix owned health & fitness center, which was sold as an operating entity, as well as home furnishings and home electronics that had been given to various family members of the founder. On the third day of the sale auction items included jewelry, 2 dozen luxury vehicles, boats, ATV's and even a huge tent the company used for events to solicit investors.

A 7 carat flawless diamond ring with certificates sold for $167,200, a Cartier watch sold for $15,400, a 2000 AM General Hummer sold for $63,800, and a new Sterling motorhome with 3-vehicle race car trailer sold for $134,750. The 3-day total brought nearly $2 million, which exceeded the pre-auction estimates of the receiver that was appointed to handle the case.