Two Californians — Florence Fung of Sacramento, and Michael Navone of San Rafael — are the 39th and 40th individuals to plead guilty or agree to plead guilty as a result of ongoing investigations into bid rigging and fraud at public real estate foreclosure auctions in San Francisco, San Mateo, Contra Costa and Alameda counties.

The investigations are being conducted by the U.S. Department of Justice’s Antitrust Division’s San Francisco office and the FBI’s San Francisco office. Source:

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top