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Financial investor pleads guilty to rigging bids at municipal tax lien auctions in NJ

 |  March 27, 2012

Financial investor Robert E. Rothman has pleaded guilty to conspiring to rig bids for the sale of tax liens at New Jersey public auctions. From 2000 to 2009, Rothman agreed to allocate the liens he would bid on, thereby purchasing the liens at non-competitive interest rates.

As part of his plea, Rothman will cooperate with the DOJ’s ongoing investigation into bid rigging or fraud related to municipal tax lien auctions. Rothman is the sixth individual of the investigation to plead guilty.

Full content: DOJ Press Release

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