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Investors Admit To Foreclosure Auction Bid-Rigging Scheme

By Carolina Bolado (December 12, 2012, 9:45 PM EST) -- The owners of Mobile, Ala.-based J&R Properties LLC pled guilty Wednesday to conspiring to rig bids at public real estate foreclosure auctions in southern Alabama, resulting in artificially suppressed prices of properties at auction, according to the U.S. Department of Justice....

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