Archives For Bid Rigging

Ramin Yeganeh, San Mateo, California, a real estate investor, has agreed to plead guilty for his role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California.

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Charles Rock, a Northern California real estate investor, pleaded guilty for his role in bid rigging and fraud at public real estate foreclosure auctions in Northern California.

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Garry Wan, Concord, California, a Northern California real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.

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Su Chu Chou “Terry” Cheng, Walnut Creek, California, and Chung Li “George” Cheng, Walnut Creek, both Northern California real estate investors, have agreed to plead guilty for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.

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A federal grand jury in San Francisco returned three multi-count indictments against eleven real estate investors for their role in bid rigging and fraud schemes at foreclosure auctions in Northern California.

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Chad E. Foster, Theodore, Alabama, a real estate investor, pleaded guilty to his role in a conspiracy to commit mail fraud related to public real estate foreclosure auctions held in southern Alabama.

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Gernot Sebastian Zepernick, Concord, California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.

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Mohamed Hanif Omar, a Georgia real estate investor, pleaded guilty to his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia. The defendant made and received payoffs and diverted money to co-conspirators that would have gone to mortgage holders and others by holding second, private auctions open only to members of the conspiracy.

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Chad E. Foster, Theodore, Alabama, a former real estate investor, has been indicted and charged with conspiracy to commit mail fraud as part of a scheme related to public real estate foreclosure auctions held in southern Alabama.

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Andrew B. Katakis and Donald M. Parker were found guilty following a four-week trial of conspiring to rig bids at public real estate foreclosure auctions held in San Joaquin County, California.

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