NJ Tax Lien Schemer Gets Probation, Fine

Law360, New York (April 15, 2013, 5:25 PM EDT) -- A New Jersey company snared last year in a broad federal probe into the rigging of municipal tax lien auctions will shoulder a $15,000 fine and two years of probation for its part in the conspiracy, sources said Monday.

The sentencing of Mercer SME Inc. in Newark federal court follows the company's guilty plea in December to colluding with other bidders to suppress and restrain competition at the public auctions, which drove up interest rates on the municipal tax liens. A complaint and plea were entered...
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