Feds Win 10th Guilty Plea In NJ Tax Lien Bid-Rigging Probe
Crusader Servicing Corp. pled guilty to colluding with other bidders to suppress and restrain competition in order to drive up the interest rates of municipal tax liens offered at public auctions. Charges were also filed Wednesday.
Municipalities auction off liens placed on tax-delinquent properties, and winning bidders can eventually foreclose on the land if the taxes...
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