Bid-rigging

(December 15, 2011) -- Four real estate investors and an auctioneer were indicted by a federal grand jury in Sacramento for their alleged participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in San Joaquin County, California, announced Sharis Pozen, acting assistant attorney general for the Department of Justice’s antitrust division, and Benjamin Wagner, U.S. attorney for the Eastern District of California....

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