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US/Japan: Obstruction charge piled onto man accused of bid-rigging

 |  May 13, 2013

A man currently facing trial for rigging bids of foreclosure auctions in California is now also facing an obstruction of justice charge, added by prosecutors on Wednesday. The man, Andrew Katakis, intends to plead not guilty to accusations that he destroyed electronic documents after being informed that a grand jury had subpoenaed records from his bank. Additionally, Katakis is accused of covering up evidence on his computer, instructing others to do the same. Katakis has also pleaded not guilty, along with three co-defendants, for bid-rigging charges; prosecutors claim the four defendants conspired to fix real estate auctions starting in September 2008.

Full Content: Thomson Reuters

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