Tag Archives: Bid Rigging

Feds crack down on foreclosure auction scams

SAN FRANCISCO — At the height of the financial crisis, bargain hunters would gather each week on county courthouse steps to bid on foreclosed properties throughout Northern and Central California. The inventory lists were long, especially in hard-hit areas such … Continue reading

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Concord investor will plead guilty to foreclosure fraud, authorities say

SAN FRANCISCO — A Concord man has agreed to plead guilty to a conspiracy to rig bidding at public real estate auctions in the Bay Area, authorities said. Norman Montalvo, a real estate investor, was charged with four felonies Thursday … Continue reading

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Real estate investors plead guilty of rigging auctions

Two real estate investors who do business in San Mateo County have pleaded guilty to mail fraud and rigging public foreclosure auctions outside the Redwood City courthouse by agreeing not to bid against each other, according to the Department of … Continue reading

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Calif. investors to plead guilty in bid-rigging

SACRAMENTO, Calif. — Eight California real estate investors have agreed to plead guilty in a bid-rigging scheme to buy foreclosed real estate at public auctions in two San Francisco Bay area counties, the U.S. Department of Justice said Thursday. The … Continue reading

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Investors Plead Guilty to Auction Bid Rigging

Eight San Francisco Bay Area real estate investors have agreed to plead guilty for their roles in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, according to the Department of Justice. The real estate … Continue reading

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