5 Real Estate Investors Indicted For Fraud, Bid Rigging At East Bay Foreclosure AuctionsDeputy Assistant Attorney General Brent Snyder referred to the brokers as "an elite group conspiring together for their own profit."
Real Estate Speculators Plea Guilty To Bid-Rigging Bay Area Foreclosure Auctions More than four dozen real estate speculators and two companies have been charged with illegally fixing foreclosure auctions in three states by bid-rigging. Several were operating in the Bay Area.
Real Estate Investors Plead Guilty In Bay Area Bid-Rigging SchemeThe U.S. Justice Department said eight real estate investors have agreed to plead guilty in a bid-rigging scheme to buy foreclosed real estate at public auctions in two Bay Area counties.
New Kind Of Foreclosure Fraud Sweeping CaliforniaFor those who are losing their homes to foreclosure, it’s a bitter pill to swallow. But some homeowners may have lost their homes to investors cheating on the courthouse steps.