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

So far, 15 people involved in the scheme have been charged, according to the Department of Justice
  • 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.

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