More Guilty of Bid Rigging at Public Real Estate Foreclosure Auctions
By David Saks, Broker / Industry Analyst
Two Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Real Estate Foreclosure Auctions Investigation Has Yielded 40 Plea Agreements to Date U.S. Department of Justice December 17, 2013 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 WASHINGTON—Two Northern California real estate investors have agreed to plead guilty to their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced. Felony charges were filed today in the U.S. District Court for the Northern District of California in San Francisco against Florence Fung of Sacramento, California, and Michael Navone of San Rafael, California. Fung and Navone are the 39th and 40th individual...