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...

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