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Criminal

Sep. 28, 2011

Investor pleads guilty in fraud case

A real estate investor pleaded guilty late Friday to participating in a scheme to rig bids and commit mail fraud in connection with public real estate foreclosure auctions in San Joaquin County for several months in 2009.

By Jason W. Armstrong
Daily Journal Staff Writer

A real estate investor pleaded guilty late Friday to participating in a scheme to rig bids and commit mail fraud in connection with public real estate foreclosure auctions in San Joaquin County for several months in 2009. Robert Rose admitted to conspiring with a group of real estate speculators who agreed not to bid against one another at auctions in order to suppress competition. Rose pleaded guilty to bid rigging, a violatio...

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