Real Estate

Real Estate Investors Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions

February 10, 2015
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Late last month, the DOJ issued a press release announcing guilty please of two Georgia men for bid rigging in real estate auctions. ¬†According to court documents,¬†Mohammad Adeel Yoonas and Kevin Shin and several co-conspirators worked together by not bidding against each other and, instead, designating […]

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Feds and 19 States Obtain $1.375 Billion Settlement with S&P

February 7, 2015
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Resolving allegations that S&P had engaged in a scheme to defraud investors in real-estate focused financial products, Eric Holder announced a $1.375 billion settlement between Standard & Poor and the DOJ and 19 states. This settlement is among other civil and criminal prosecutions the […]

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