Feds Nab 11th Plea In NJ Tax Lien Bid-Rigging Dragnet
Mercer SME Inc., of Burlington, N.J, pled guilty to colluding with other bidders to suppress and restrain competition at the public auctions, which drove up interest rates on the municipal tax liens. The complaint and plea were entered simultaneously.
Municipalities auction off liens placed on tax-delinquent properties, and winning bidders can eventually foreclose on the...
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