Clerks Audit Foreclosure Auction Systems After Bid-Rigging Indictment
Clerks are auditing the judicial foreclosure sale procedures to look for vulnerabilities in the system following a bid-rigging indictment.
November 08, 2017 at 01:39 PM
3 minute read
Palm Beach Clerk & Comptroller Sharon Bock is taking no chances.
As a federal grand jury indicted three high-volume investors for allegedly rigging auctions, Bock and her staff audited Palm Beach County's procedures to look for vulnerabilities in the judicial foreclosure sales process.
Prosecutors didn't allege a system failure or breach in the technology used by Palm Beach Circuit Court to host online real estate auctions. The indictment instead claimed investors Avi Stern, Christopher Graeve and Stuart Hankin conspired to rig bids submitted for judicial sales from at least January 2012 to June 2015.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 5'You Are Not Alone': 120 Sex Assault Victims Plan to Sue Sean 'Diddy' Combs
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250