More indictments in California bid-rigging

(October 30, 2014) -- The Justice Department’s investigation into bid rigging and fraud schemes at public real estate foreclosure auctions in San Francisco, San Mateo, Contra Costa, and Alameda counties in California recently yielded more indictments. A grand jury in San Francisco returned an eight-count indictment against five real estate investors for conspiring to rig bids and scheming to defraud mortgage holders—bringing to 47 the number of individuals who have either pleaded guilty or agreed to plead guilty in the department’s ongoing probes into fraud at such auctions....

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