Rudolph Silva, Leslie Gee and Thomas Bishop real estate investors plead guilty to Auction rigging, real estate fraud in Contra Costa County

Published by on January 3, 2014

1 batt 400

Three Contra Costa County real estate investors have agreed to  plead guilty to charges that they took part in schemes to rig bids and commit  mail fraud at foreclosure auctions for Bay Area homes, the U.S. Department of  Justice has announced. Federal felony fraud charges were filed Thursday against Rudolph Silva of Concord, Leslie Gee of Danville and Pleasant Hill real estate  investor Thomas Bishop in connection with the alleged conspiracies. Gee faced  additional charges for his alleged involvement in similar crimes in Alameda  County in 2009, justice department officials said.

If convicted on all counts, each defendant could face up to 30  years in prison and $2 million in fines, according to the department.   The three real estate investors are among 43 people who have  pleaded guilty or agreed to plead guilty to charges stemming from the justice  department and FBI investigations into bid rigging and fraud at public real  estate foreclosure auctions in Northern California.

“The FBI and our partners have an obligation to investigate and  pursue those who disrupt a free and fair marketplace,” FBI Special Agent in  Charge David Johnson of the San Francisco Field office said. “We will  continue to educate the public on the criminality of bid rigging at real  estate foreclosure auctions.”   According to court documents, between 2008 and 2011, all three  participated in schemes to rig the bidding at real estate foreclosure  auctions in Contra Costa County by agreeing not to bid against one another to  obtain certain properties and instead to choose a winning bidder among a  group of co-conspirators.

The three defendants are also accused of using the mail to  fraudulently acquire the titles to Contra Costa properties up for sale at  public auctions and to then make and receive payoffs and siphon money from  the sale to co-conspirators that would have gone to mortgage lenders.   In some cases, the conspirators also diverted money that would  have gone to defaulting homeowners, justice department officials said.

Copyright © 2014 by Bay City News, Inc. — Republication, Rebroadcast or any other Reuse without the express written consent of Bay City News, Inc. is prohibited.

1 YB and waiver

Install the ratings plugin

Popularity:
360 views
Comments:
None
Toolbar:
add your comment add this to delicious add this to digg share this on facebook Stumble this item
Tagged with: , , , , , , , , , ,




XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Check your spouse's texts/Calls!
pinksliploan add copy

BREAKING HEADLINES

SOCIALISE WITH US:     Fugitive Watch on YouTube   ·   Twitter   ·   Facebook   ·