Tax Lien Bid-Rigging Schemer Settles Class Action

Law360, New York (April 5, 2013, 5:22 PM EDT) -- The owner of a New Jersey real estate company who pled guilty to conspiring to rig auctions of municipal tax liens has agreed to pay $200,000 to settle a related class action, according to a motion filed Thursday in New Jersey federal court. 

Robert E. Rothman pled guilty to violations of the Sherman Act in March 2012, admitting he’d participated in a scheme to manipulate auctions by colluding on bids to drive up the interest rates on municipal tax liens. Rothman’s settlement satisfies his involvement in...
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