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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.

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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