Real Estate Investor Pleads Guilty to Bid Rigging at Public Foreclosure Auctions

SACRAMENTO, CA – August 16, 2011 – (RealEstateRama) — A real estate investor pleaded guilty today in U.S. District Court in Sacramento to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, 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.