Municipal Tax Lien Crackdown Nets 7th Guilty Plea

Law360, New York (April 17, 2012, 8:34 PM EDT) -- A former executive accused of taking part in a conspiracy to rig bids at auctions for municipal tax liens in New Jersey pled guilty Tuesday, marking the seventh plea deal to stem from an ongoing probe into municipal tax lien auctions, prosecutors said.

Stephen E. Hruby, the former vice president of a New York-based tax liens company, will cooperate with the ongoing investigation, which targets bid-rigging or fraud related to tax lien auctions and is being run out of the New York field office of the...
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