Five Individuals Indicted for Bid Rigging and Fraud at Public Real Estate Foreclosure Auctions

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By California RealEstateRama -

SACRAMENTO, CA – December 14, 2011 – (RealEstateRama) — The U.S. District Court in Sacramento today unsealed an indictment against four real estate investors and an auctioneer for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Sharis A. Pozen, Acting Assistant Attorney General of the Department of Justice’s Antitrust Division, and Benjamin B. Wagner, U.S. Attorney for the Eastern District of California, announced.

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