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Seventh Mississippi real estate investor pleads guilty in bid-rigging case

Mississippi real estate investor Kimberly Foster has pleaded guilty to bid-rigging at public foreclosure auctions in the state, making her the seventh defendant to do so in the case, the Department of Justice said July 19.

Foster participated in a conspiracy in which she and other bidders agreed not to compete against one another for selected properties in exchange for payoffs from Aug. 20, 2009 to Dec. 14, 2016, according to documents filed June 28 in federal court.

The arrangement restrained competition for the properties and...

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