Real estate investor sentenced for public foreclosure auction bid-rigging, fraud

  • Oscar Celso Anez is the latest to plead guilty to rigging foreclosure auctions with other Mobile, Alabama, real estate investors.
  • Investors made payoffs to each other -- money that would have gone to mortgage holders and homeowners -- for keeping the property sales prices low, DOJ says.

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Another real estate investor has been sentenced in a foreclosure auction scheme that spanned at least nine years in Mobile, Alabama.