Real estate investor sentenced for bid-rigging scheme

The Justice Department said a real estate investor was sentenced for a bid-rigging scheme that affected foreclosure auctions in California.  

Michael Marr had been convicted last June of conspiring to rig bids at foreclosure auctions in Alameda and Contra Costa County. He was sentenced on March 21 to 30 months in prison and three years of supervised release, according to an agency press release.

Marr also must pay a criminal fine of nearly $1.4 million.

“Michael Marr was a driving force behind a multi-year conspiracy...

Subscription required to view this article.

This content can only be accessed by FTCWatch subscribers. If you are an FTCWatch subscriber, please login to access this content

If you do not currently subscribe to FTCWatch please contact us for subscription information:
Email: customerservices@ftcwatch.com
Phone: 202-909-2156

FTCWatch is delivered in the following formats: via email alert and online at mlexwatch.com/ftcwatch