DOJ Wins 25th Guilty Plea In Real Estate Bid-Rigging Probe

Law360, New York (August 16, 2012, 2:39 PM EDT) -- The U.S. Department of Justice said Wednesday that a California investor has copped to her part in bid-rigging and mail fraud conspiracies at public real estate foreclosure auctions, making her the 25th person to plead guilty in the DOJ's investigation to date.

Danli Liu of Fremont, Calif., pled guilty to felony charges in California federal court in Oakland for violating the Sherman Act and a mail fraud statute, according to the DOJ.

“Liu and her fellow conspirators secretly conspired to purchase foreclosed real estate at suppressed...
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