Jury Convicts 4 For Bid-Rigging Calif. Property Auctions

Law360, San Francisco (December 16, 2016, 9:13 PM EST) -- A California federal jury convicted four real estate investors on Thursday of one count each for their role in a massive scheme to rig bids at public real estate foreclosure auctions involving hundreds of properties in the San Francisco Bay Area.

After a two-week trial, a 12-member jury in San Francisco unanimously found that Alvin Florida Jr., Robert Rasheed, John Berry and Refugio Diaz were guilty of violating the Sherman Act by conspiring to suppress the prices of properties sold at the auctions between May 2008 and December 2010.

Under the scheme, the conspirators would designate a select number of investors...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!