FBI looks into bid rigging at courthouse auctions

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January 22, 2011
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Foreclosure auctions take place every weekday on the steps of courthouses throughout California. Now the FBI is investigating whether some real estate speculators are illegally rigging bids for these sales. "There have always been rumors of collusion at the courthouse steps," said Sean O'Toole of ForeclosureRadar.com, a Discovery Bay company that provides detailed information on properties sold at the auctions.

Written by:
Written on:
January 22, 2011
Category:
Not Categorized