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GEORGIA REAL ESTATE INVESTMENT COMPANY AND OWNER PLEAD GUILTY TO CONSPIRACIES TO RIG BIDS AND COMMIT MAIL FRAUD FOR THE PURCHASE OF REAL ESTATE AT PUBLIC FORECLOSURE AUCTIONS

First Charges Filed in Georgia Real Estate Foreclosure Auctions Investigation

A Georgia real estate investor and his company pleaded guilty today for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia, the Department of Justice announced.

Separate felony charges were filed on Sept. 25, 2013, in

Continue reading… GEORGIA REAL ESTATE INVESTMENT COMPANY AND OWNER PLEAD GUILTY TO CONSPIRACIES TO RIG BIDS AND COMMIT MAIL FRAUD FOR THE PURCHASE OF REAL ESTATE AT PUBLIC FORECLOSURE AUCTIONS

Former Alabama Real Estate Investor Pleads Guilty 
To Making False Statement In Connection With Real Estate Foreclosure Auction Investigation

A former investor in the Alabama real estate foreclosure auctions industry pleaded guilty today to one count of making false statements, the Department of Justice announced.

Ali Forouzan, of Mobile, Ala., pleaded guilty in the U.S. District Court for the Southern District of Alabama in Mobile to making materially false and fictitious statements to a Special

Continue reading… Former Alabama Real Estate Investor Pleads Guilty 
To Making False Statement In Connection With Real Estate Foreclosure Auction Investigation

Two Alabama Real Estate Investors Get 20 Months Prison Time for Foreclosure Bid-Rigging

Two Alabama real estate investors and their company were sentenced today in U.S. District Court for the Southern District of Alabama in Mobile, for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced.

Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging at Public Foreclosure Auctions

Investigation Has Yielded 27 Plea Agreements to Date

A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

Two Alabama Real Estate Investors and Their Company Plead Guilty to Conspiracies to Rig Bids and Commit Mail Fraud for the Purchase of Real Estate at Public Foreclosure Auctions

Two Alabama real estate investors and their company pleaded guilty today for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced.

Robert M. Brannon, of Laurel, Miss.; his son, Jason R. Brannon, of Mobile, Ala.; and their Mobile-based company, J

Continue reading… Two Alabama Real Estate Investors and Their Company Plead Guilty to Conspiracies to Rig Bids and Commit Mail Fraud for the Purchase of Real Estate at Public Foreclosure Auctions

Two Alabama Real Estate Investors and Their Company Indicted for Conspiracies to Rig Bids and Commit Mail Fraud for the Purchase of Real Estate at Public Foreclosure Auctions

A federal grand jury in Mobile, Ala., returned an indictment today against two real estate investors and their company, charging them with participating in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions held in southern Alabama, the Department of Justice announced today.

The department said the father and son real

Continue reading… Two Alabama Real Estate Investors and Their Company Indicted for Conspiracies to Rig Bids and Commit Mail Fraud for the Purchase of Real Estate at Public Foreclosure Auctions

Department of Justice charges Alabama investor with foreclosure bid-rigging

In a criminal complaint filed April 19, 2012, the United States has charged Alabama real estate investor, Lawrence B. Stacy, with bid-rigging conspiracy and conspiracy to commit mail fraud.  Both charges are related to foreclosure auctions which took place during the period of May 2002 through January 2007.  The complaint alleges that “Lawrence B. Stacy

Continue reading… Department of Justice charges Alabama investor with foreclosure bid-rigging

Alabama Real Estate Investor Agrees to Plead Guilty to Conspiracies to Rig Bids and Commit Mail Fraud for the Purchase of Real Estate at Public Foreclosure Auctions

An Alabama real estate investor has agreed to plead guilty and to serve prison time for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced today.  To date, as a result of the ongoing investigation, three individuals and one

Continue reading… Alabama Real Estate Investor Agrees to Plead Guilty to Conspiracies to Rig Bids and Commit Mail Fraud for the Purchase of Real Estate at Public Foreclosure Auctions

Real estate investor pleads guilty to bid rigging at foreclosure auctions

Last week, Wiley C. Chandler, plead guilty to one count of participating in a conspiracy to suppress and restrain competition by rigging bids to obtain selected properties at nonjudicial public real estate foreclosure auctions in San Joaquin County, California.  According to the plea agreement, from a period of about September 2008 until about October 2009,

Continue reading… Real estate investor pleads guilty to bid rigging at foreclosure auctions

CALIFORNIA INVESTOR PLEADS GUILTY TO BID RIGGING AND FRAUD AT PUBLIC REAL ESTATE FORECLOSURE AUCTIONS

SACRAMENTO, Calif. — 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, Calif., Sharis A. Pozen, Acting Assistant Attorney General of the Department of Justice’s Antitrust Division, and Benjamin B. Wagner,

Continue reading… CALIFORNIA INVESTOR PLEADS GUILTY TO BID RIGGING AND FRAUD AT PUBLIC REAL ESTATE FORECLOSURE AUCTIONS

Three Northern California Real Estate Investors Agree To Plead Guilty To Bid Rigging At Public Foreclosure Auctions

Investigation Has Yielded 20 Plea Agreements to Date

WASHINGTON — Three Northern California real estate investors have agreed to plead guilty today for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced. To date, as a result of the

Continue reading… Three Northern California Real Estate Investors Agree To Plead Guilty To Bid Rigging At Public Foreclosure Auctions

California Investor Pleads Guilty To Bid Rigging And Fraud At Public Real Estate Foreclosure Auctions

Ninth Guilty Plea in the Investigation to Date

SACRAMENTO, Calif. — 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, Calif., Sharis A. Pozen, Acting Assistant Attorney General of the Department of

Continue reading… California Investor Pleads Guilty To Bid Rigging And Fraud At Public Real Estate Foreclosure Auctions

Five Individuals indicted for bid rigging and fraud at foreclosure auctions

The U.S. District Court in Sacramento unsealed an indictment this past Tuesday 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.

Alabama Real Estate Investor Agrees to Plead Guilty to Conspiracy to Rig Bids for the Purchase of Real Estate at Public Foreclosure Auctions

WASHINGTON – A Mobile, Ala., real estate investor has agreed to plead guilty today for his role in a conspiracy to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced.

Eight Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions

WASHINGTON – Eight Northern California real estate investors have agreed to plead guilty this week for their roles in two separate conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

Two California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Pulic Foreclosure Auctions

Investigation Has Yielded Charges Against 10 Individuals to Date

WASHINGTON — Two California real estate investors have agreed to plead guilty today for their roles in a conspiracy to rig bids and to commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

Alabama Real Estate Investors Agree to Plead Guilty to Conspiracy to Rig Bids for the Purchase of Real Estate at Public Foreclosure Auctions

UPDATE – Criminal Complaint against M & B Builders – click here. Criminal complaint against Harold H. Buchman – click here.

WASHINGTON – Two Mobile, Ala., real estate investors and one real estate investment company have agreed to plead guilty today for their roles in a conspiracy to rig bids for the purchase of

Continue reading… Alabama Real Estate Investors Agree to Plead Guilty to Conspiracy to Rig Bids for the Purchase of Real Estate at Public Foreclosure Auctions

Real Estate Investor Pleads Guilty to Bid Rigging At Foreclosure Auctions

SACRAMENTO, Calif. — A real estate investor pleaded guilty last Friday 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,

Continue reading… Real Estate Investor Pleads Guilty to Bid Rigging At Foreclosure Auctions

CALIFORNIA REAL ESTATE INVESTORS AGREE TO PLEAD GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONS

Department of Justice
Office of Public Affairs

FOR IMMEDIATE RELEASE

WASHINGTON — Eight California real estate investors have agreed to plead guilty for their roles in two separate conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

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

A real estate investor pleaded guilty this week in U.S. District Court in Sacramento, Calif., to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Christine Varney, Assistant Attorney General of the Department of Justice’s Antitrust Division, and Benjamin

Continue reading… Real Estate Investor Pleads Guilty to Bid-Rigging at Foreclosure Auctions