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Two more guilty pleas in DOJ’s New Jersey municipal tax lien auction probe

By  |  April 23, 2012

David Butler, a New Jersey financial investor, has pleaded guilty to rigging bids at municipal tax lien auctions throughout New Jersey. DSBD, the company in which Butler was a partner, also pleaded guilty for its role in the conspiracy. From 2005 to February 2009, Butler and DSBD submitted bids and purchased tax liens according to agreed-upon bid arrangements.

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    As part of their plea arrangements, Butler and DSBD will cooperate with the DOJ’s ongoing investigation into municipal tax lien auctions. Their agreements mark the seventh and eighth pleas.

    Full content: DOJ Press Release


    Related content: Mexican Experience in Screens for Bid-Rigging (Carlos Mena-Labarthe, Comisión Federal de Competencia de Mexico)

     

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