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California real estate investor pleads guilty to bid-rigging at foreclosure auctions, US DOJ says

( August 6, 2021, 18:02 GMT | Official Statement) -- MLex Summary: A real estate investor from California has pleaded guilty to rigging bids at public foreclosure auctions, the US Department of Justice's antitrust division said. Yama Marifat was indicted for conspiring with other real estate investors to rig bids when purchasing selected properties at auctions in San Joaquin County, California, the DOJ said. The conduct began about April 2009 and continued through October 2009, according to court documents filed in Sacramento, the DOJ said. A trial is scheduled to begin Aug. 17.Department of Justice...

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