A PYMNTS Company

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

By  |  April 23, 2012
Two more guilty pleas in DOJ’s New Jersey municipal tax lien auction probe

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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)

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.