A Hillsborough real estate investor pleaded guilty to mail fraud and bid rigging at public auctions of foreclosed properties outside the San Mateo County courthouse in Redwood City, according to the Department of Justice. His plea makes Rosenbledt the 36th person to plead guilty or agree to plead guilty as part of the department's ongoing […]
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Real estate investor Christopher Graeve pleaded guilty Thursday in West Palm Beach, in connection with an ongoing investigation into bid rigging at online public foreclosure auctions in Florida, the Department of Justice announced. Graeve is the second real estate investor to plead guilty in this investigation. Foreclosure News
Five real estate investors were sentenced for their role in a conspiracy to rig bids, in violation of the antitrust laws, at public real estate foreclosure auctions in Northern California, the Department of Justice announced. Joseph Giraudo, Kevin Cullinane, Raymond Grinsell, Daniel Rosenbledt, and Mohammed Rezaian were charged with and convicted of bid rigging at […]
Federal officials accuse the investors of violating antitrust law from January 2012 until June 2015 by agreeing to not bid against one another in certain neighborhoods, thereby artificially lowering prices in auctions. As a result, money was taken that would have otherwise gone to mortgage holders, Palm Beach County and, in some cases, the owners […]
A local real estate investor is going to prison for his role in a bid-rigging scheme that defrauded homeowners whose properties were foreclosed on during the height of the recession. Glenn Guillory, 61, of Windemere Diablo Realty in Walnut Creek, was sentenced in Northern California District Court to 18 months in prison, three years of […]
The trial of Michael Marr and two of his business associates, Gregory Casorso and Javier Sanchez, began today at a federal courthouse in Oakland. Marr, Casorso, and Sanchez are accused of rigging public auctions of foreclosed homes during the Great Recession. Foreclosure News
Two real estate investors pleaded guilty last week for conspiring to rig bids at public real estate foreclosure auctions in Contra Costa County, Department of Justice officials said. John Michael Galloway and Nicholas Diaz each pleaded guilty to one count of bid rigging in U.S. District Court for the Northern District of California in Oakland. […]
Two real estate investors pleaded guilty on Wednesday for conspiring to rig bids at public real estate foreclosure auctions in Contra Costa County, Department of Justice officials said. John Michael Galloway and Nicholas Diaz each pleaded guilty to one count of bid rigging in U.S. District Court for the Northern District of California in Oakland. […]
Two Bay Area men were among 10 other people sentenced on Monday for rigging bids at public real estate foreclosure auctions and mail fraud in San Joaquin County, the U.S. Department of Justice said. Walter Olmstead, of San Francisco, was sentenced to eight months in prison . Foreclosure News