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US: CA real estate bid-rigger has sentencing delayed again

 |  September 15, 2014

A man found guilty of bid-rigging at foreclosure auctions in California has had his sentencing delayed once again as prosecutors appeal his acquittal on a separate charge, say reports.

Real estate investor Andrew Katakis was found guilty of bid-rigging in March; the man was accused of colluding with 11 other individuals to rig the bidding process at foreclosure auctions in the state.

Katakis was also accused of obstructing justice in the case, but was acquitted of those charges.

Prosecutors are appealing that acquittal, say reports, and it could take a year or more until a decision is reached on the matter. Prosecutors have asked a judge to sentence Katakis on the bid-rigging conviction, however.

But a judge agreed to halt sentencing until the appellate ruling after defense lawyers fought for a delay, reports say.

Full content: The Modesto Bee

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