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Bid Rigging

DOJ: Bid Rigging at Auctions: The Achilles Heal of the Securitization Scam

27 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Click Now to Consult with Neil Garfield NOTE: For Legal Representation in Florida,  Ohio and California, please call our customer service number 520-405-1688 Editor’s Comment and Opinion: Frankly I think bid rigging is the rule rather than the exception. The number of “investors” popping up and buying these properties at auction, and the question of …

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ANTITRUST INVESTIGATING BID-RIGGING AT SO-CALLED AUCTIONS — 7 plead guilty

17 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: Investigations are one thing, charges and convictions are quite another. It is my opinion that the so-called auctions, at least in the non-judicial states are rigged, unlawful and possibly criminal.  The person who shows up is some agent or employee of …

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Bank of America Pays $137 Million in Bid-Rigging Case

7 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Editor’s Note: Bid Rigging is exactly what is happening at the steps of every foreclosure action involving so-called securitized loans. Here BofA admits it but not for home foreclosures. The party submitted the non-cash bid (called a credit bid) is not the creditor, and the title is transferred to yet another party who is also …

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A.I.G. to Pay $725 Million in Ohio Case

4 Comments / bubble, CASES, CDO, Corruption, evidence, expert witness, foreclosure, GTC | Honor, HERS, investment banking, Investor, Pleading / By

July 16, 2010 A.I.G. to Pay $725 Million in Ohio Case By MICHAEL POWELL and MARY WILLIAMS WALSH The American International Group, once the nation’s largest insurance group before it nearly collapsed in 2008, has agreed to pay $725 million to three Ohio pension funds to settle six-year-old claims of accounting fraud, stock manipulation and …

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Rigging the Bids at Foreclosure Sales

37 Comments / bubble, CASES, CDO, Corruption, currency, Eviction, expert witness, Fannie MAe, foreclosure, foreclosure mill, Forensic Analysis Workshop, GTC | Honor, HERS, Investor, Modification, Mortgage, Motion Practice and Discovery, Obama, securities fraud, Securitization Survey, Servicer, Statutes, workshop / By

From Dan Edstrom: Department of Justice Press Release For Immediate Release April 16, 2010 United States Attorney’s Office Eastern District of California Contact: (916) 554-2700 Stockton Real Estate Executive Pleads Guilty to Bid Rigging at Auctions of Foreclosed Properties SACRAMENTO, CA—United States Attorney Benjamin B. Wagner and Assistant Attorney General Christine Varney of the Department …

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