DOJ Cuts 27th Plea Deal In Real Estate Bid-Rigging Probe

Law360, New York (February 05, 2013, 8:18 PM ET) -- A real estate investor has agreed to plead guilty to his role in a bid-rigging conspiracy at public real estate foreclosure auctions in Northern California, marking the 27th person to knuckle under to ongoing federal antitrust investigations, the U.S. Department of Justice said Tuesday.

The Justice Department said that felony charges were filed against Gilbert Chung in California federal court Tuesday and that Chung agreed to plead guilty to taking part in mail fraud and bid-rigging conspiracies.

Prosecutors alleged that Chung and others agreed not to...
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