Mississippi Digital News

Nine MS real estate investors have pleaded guilty in bid rigging scheme


Beaver Seeds - Get Out and Grow Spring Sasquatch 300x250

The ongoing federal  investigation into bid rigging at public foreclosure auctions has yielded two more guilty pleas in Mississippi.

More than 100 people nationwide have been charged for their role in the scheme.

On Tuesday, the latest to plead guilty in federal court in Gulfport were Mississippi real estate investors Christopher Vaughan of Ocean Springs and Jon Gregg Goodhart Jr. of Biloxi for their role in conspiring to rig bids.

A total of nine real estate investors have pleaded guilty in Mississippi this year in a public auction bid rigging scheme.

Felony charges were filed against Vaughan on Nov. 9, and Goodhart on Nov. 19. 

“These types of crimes affect all Americans, because when individuals rig bids at auctions, it ultimately damages our economy and hurts individuals,” Christopher Freeze, Special Agent in Charge of the FBI in Mississippi, said in a news release.

According to court documents, from at least as early as June 9, 2011, through at least as late as Feb. 8, 2017, Vaughan conspired with others not to bid against one another for selected public real estate foreclosure auctions in the Gulf Coast area. Goodhart participated in the conspiracy from as early as Aug. 20, 2009, through at least as late as Dec. 11, 2014. Conspirators made and received payoffs in exchange for their agreement not to bid. 

Source link

Leave A Reply

Your email address will not be published.