DOJ Nets 36th Guilty Plea In Real Estate Bid-Rigging Probe

Law360, New York (September 6, 2013, 12:15 PM EDT) -- A California real estate investor has agreed to plead guilty to his role in a bid-rigging conspiracy at public real estate foreclosure auctions, the 36th person to cop a plea as a result of a federal bid-rigging and fraud investigation in Northern California, prosecutors said Thursday.

The U.S. Department of Justice said that Daniel Rosenbledt of Hillsborough, Calif., conspired with other investors not to bid against each other, but instead to designate a winning bidder to obtain certain properties at public real estate foreclosure auctions in...
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