Criminal
Mar. 14, 2014
Guilty verdicts bolster government's bid rigging crackdown
The government's crackdown on real estate investors who engineered lower prices in foreclosure auctions in violation of federal antitrust laws gained momentum this week with guilty pleas and a trial victory.
Daily Journal Staff Writer
The government's crackdown on a wide circle of real estate investors who engineered lower prices in foreclosure auctions in violation of federal antitrust laws gained momentum, with two guilty pleas in San Francisco Tuesday and a verdict in Sacramento against two others who took their cases to trial.
Since 2011, the Justice Department's antitrust division and the Federal Bureau of Investi...
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