DOJ Charges 6 Investors In NJ Tax Lien Bid-Rigging Scheme

Law360, New York (November 19, 2013, 3:25 PM EST) -- The U.S. Department of Justice brought formal charges Tuesday against six investors for their alleged roles in a conspiracy to manipulate the bidding process for tax lien auctions conducted by New Jersey municipalities, bringing the number of charged entities in an overarching DOJ probe to 20.

The department brought the charges after a federal grand jury returned an indictment alleging that individuals Joseph Wolfson, Gregg Gehring, James Jeffers Jr. and Robert Jeffrey, along with business entities Betty Simon Trustee LLC and Richard Simon Trustee colluded to...
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