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.

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

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